• Flutter reported first-quarter revenue which fell short of estimates at $3.40 billion compared to the expected $3.59 billion.
• Revenue from UK & Ireland exceeded estimates at $861 million, slightly above the estimated value of $824.1 million.
• The company reported earnings of $329 million from Australia operations.
• Despite recent unfavorable US sports results in the last two weeks of March, Flutter maintains confidence in its FY24 guidance set on March 26.
A look at Flutter Entertainment Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Flutter Entertainment, a mobile and online gambling services provider, scores highly in Growth and Momentum on the Smartkarma Smart Scores. This suggests a positive long-term outlook for the company in terms of its expansion and market performance. Additionally, Flutter showcases significant Resilience, indicating its ability to weather challenges. While the Value and Dividend scores are more moderate, the strong performances in Growth, Resilience, and Momentum highlight promising prospects for Flutter Entertainment‘s future growth and sustained success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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