Flutter Entertainment PLC reports results for the quarter ended June 30 - Earnings Summary

• Flutter Entertainment PLC FLUT reported quarterly adjusted earnings of $2.95​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $2.61. The mean expectation of twelve analysts for the quarter was for earnings of $2.08 per share. Wall Street expected results to range from $1.74 to $2.52 per share.

• Revenue rose 16% to $4.19 billion from a year ago; analysts expected $4.13 billion.

• Flutter Entertainment PLC's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $105 million.

• Flutter Entertainment PLC shares had risen by 7.4% this quarter and gained 18.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 21 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the casinos & gaming peer group is also "buy"

• Wall Street's median 12-month price target for Flutter Entertainment PLC is $326.50, about 6.3% above its last closing price of $306.07

This summary was machine generated from LSEG data August 8 at 04:23 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)