Citi upbeat on Australia's Lottery Corp's FY24 & FY25 earnings estimate

Lottery

04/07/2024 22:10

** Analysts at Citi says earnings forecast for Lottery
Corporation  TLC.AX  in FY24 and thereafter remain above
consensus
    ** Citi says Lottery Office web traffic fell down but it is
unlikely to have materially impacted Lottery Corp’s revenue over
FY24
    ** Brokerage expects consumer environment to improve given
the tax cuts and cost of living relief
    ** Retains "buy" rating and target price of A$5.60
    ** Nine of 14 analysts rate the stock "buy" or higher, five
"hold"; their median PT is A$5.60 – LSEG data
    ** Stock is up about 2% this year, as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru; Editing by David
Gregorio)
 ((Rajasik.Mukherjee@thomsonreuters.com;))