Jefferies forecasts robust earnings growth for Australia's Lottery Corp

Lottery

07/04/2025 21:10

** Analysts at Jefferies see high-single-digit percentage growth in earnings fiscal 2026 onwards for Australia's Lottery Corporation TLC.AX, calling lotteries a defensive category

** "Lotteries remain a resilient subsector in the face of growth concerns, and we are confident TLC can execute on growth strategy," Jefferies says

** Brokerage says lotteries are a defensive product with minimal exposure to consumer fears

** 12 of 14 analysts rate the stock "buy" or higher and two "hold"; their median PT is A$5.50 – LSEG data

** Stock closed down at A$4.75 on Monday, down 3.9% YTD

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))