- Flutter’s expected revenue for 2024 is $6.76 billion.
- US revenue estimate is $2.85 billion.
- Adjusted EBITDA estimate is $1.79 billion.
- US adjusted EBITDA estimate is $166.8 million.
- Australia adjusted EBITDA estimate is $138.2 million.
- International adjusted EBITDA estimate is $305.7 million.
- UBS notes “material uncertainty” regarding the FY 2024 US adjusted EBITDA guidance due to tax hikes and peer forecast downgrades.
- UBS believes affirming guidance would be positive for the stock.
- Morgan Stanley anticipates a mid-point downgrade in US guidance due to taxes but sees potential upward adjustments with strong 2Q performance.
- Ex-US revenues expected to benefit from a strong Euro 2024 tournament.
- Progress in revenue and adjusted EBITDA is expected in the UK, Ireland, and International markets, with Australia stabilizing quarter-on-quarter.
- 25 analysts recommend buying, 5 recommend holding, and none recommend selling.
- Average price target is GBp19,111, indicating a 28.3% upside from the current price.
- Implied 1-day share move following earnings is 8.6%.
- Flutter shares have increased by 3.9% over the past year compared to the UKX Index, which has risen by 9.1%.
- Earnings release is scheduled for August 13 at 9:05 p.m. Dublin time.
A look at Flutter Entertainment Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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 company providing mobile and online gambling services, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With a strong Growth score of 5, the company shows potential for expansion and increasing market share over time. Additionally, its Resilience and Momentum scores of 3 demonstrate a stable performance and positive market momentum, indicating a degree of consistency in weathering market fluctuations and sustaining growth trends. While its Value score is moderate at 3, suggesting a fair valuation, the low Dividend score of 1 indicates that the company may not be prioritizing dividend payments to shareholders.
In summary, Flutter Entertainment is well-positioned for long-term growth and market advancement, backed by its high Growth score and solid Resilience and Momentum ratings. While the company may not offer substantial dividends currently, its overall outlook seems favorable as it continues to expand its presence in the mobile and online gambling sector.
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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