BUZZ-Australia's Lottery Corp slips; Macquarie trims PT and earnings estimates

Reuters

Jan 08, 2025

BUZZ-Australia's <a href="https://laohu8.com/S/LTRY">Lottery</a> Corp slips; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> trims PT and earnings estimates

** Shares of Australia's Lottery Corporation TLC.AX fall as much as 1.1% to A$4.975, set for weakest trading session since Dec. end

** Analysts at Macquarie lower PT on TLC to A$5.40 from A$5.50; maintain "Outperform" rating

** Brokerage expects co's lottery volumes to fall by 7% in FY25 and sees co reporting lower earnings for 1H25

** Macquarie anticipates TLC to post 1H25 net profit after tax of A$177 mln ($110.20 mln), down 9% from a year ago and 6% lower market consensus

** Lowers earnings estimates by 8%, 3% and 3% for FY25-27, respectively

** Lottery Corp has traditionally been good buying during periods of poor lotteries volumes, with short-term volatility smoothing out in time - Macquarie

** 10 of 14 analysts rate the stock "Buy" or higher, four "Hold"; median PT - A$5.40 – LSEG data

** Stock gained 2.6% in 2024

($1 = 1.6062 Australian dollars)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> trims PT and earnings estimates</title></head><body><p>** Shares of Australia's Lottery Corporation <span>TLC.AX</span> fall as much as 1.1% to A$4.975, set for weakest trading session since Dec. end</p><p>** Analysts at Macquarie lower PT on TLC to A$5.40 from A$5.50; maintain \"Outperform\" rating</p><p>** Brokerage expects co's lottery volumes to fall by 7% in FY25 and sees co reporting lower earnings for 1H25</p><p>** Macquarie anticipates TLC to post 1H25 net profit after tax of A$177 mln ($110.20 mln), down 9% from a year ago and 6% lower market consensus</p><p>** Lowers earnings estimates by 8%, 3% and 3% for FY25-27, respectively</p><p>** Lottery Corp has traditionally been good buying during periods of poor lotteries volumes, with short-term volatility smoothing out in time - Macquarie</p><p>** 10 of 14 analysts rate the stock \"Buy\" or higher, four \"Hold\"; median PT - A$5.40 – LSEG data</p><p>** Stock gained 2.6% in 2024</p><p>($1 = 1.6062 Australian dollars)</p><p> (Reporting by Rishav Chatterjee in Bengaluru)</p><p> ((Rishav.Chatterjee@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TLC.AU","symbol_name":"Lottery Corporation Limited","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250108:nL4N3O405N:1","article_id":"2501676265","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501676265","pubTimestamp":1736303611,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Lottery Corp slips; 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