Australia's Jumbo Interactive falls; Macquarie cuts PT amid weak lottery volume outlook

Jumbo Interactive

08/01/2025 04:00

** Shares of Australia's Jumbo Interactive  JIN.AX  fall as
much as 2.1% to A$13.82, posting their weakest session since Dec
19, 2024
    ** Macquarie cuts PT for the lottery provider to A$14.40
from A$14.75 due to weak lottery volumes outlook, and maintains
"neutral" rating 
    ** Brokerage expects lottery volumes to fall by 7% in FY25
owing to tough competition and high jackpot activity in the
previous year
    ** Macquarie sees H1 FY25 NPAT of A$18 mln ($11.21 mln),
down 11% yoy; cuts EPS estimates by 13% and 4% in FY25 AND FY26,
respectively 
    ** Analysts on average rate the stock "buy"; their median PT
is A$14.65 - LSEG Data
       

    ($1 = 1.6059 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))