Citi expects Australia's Lottery Corp to report slightly higher FY23 EBIT

Lottery

09/08/2023 22:21

** Analysts at Citi expects Australia's Lottery Corp
 TLC.AX  to report a 3% jump in EBIT to A$623 mln ($406.76
million) for FY23
    ** Brokerage remains 9% above est. for FY24 EBIT on co
    ** Says remains above consensus due to higher rev on game
changes for its Oz Lotto platform and increased pricing for its
Powerball tickets
    ** Brokerage has "buy" rating and PT of A$5.70/share
    ** 7 of 15 analysts rate the stock "buy" or higher, 7 "hold"
and one "strong-sell"; their median PT is A$5.55– Refinitiv data
    ** Stock has risen 18.3% this year, as of last close 

($1 = 1.5316 Australian dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))