Morningstar cuts FY26 earnings forecast for Australia's Lottery Corp on weak sales

Lottery

05/06/2026 24:40

** Analysts at Morningstar lower FY26 EBITDA forecast for Australia's Lottery Corp TLC.AX by 4% to A$746 million ($532.05 million), citing weaker sales, particularly of Oz Lotto
** Investment research firm expects co's lottery revenue to rebound about 14% in FY27, with underlying growth steady in the long run
** Lottery co TLC on Wednesday lowered its FY26 operating expenditure forecast to A$300 million-A$310 million from A$310 million-A$320 million previously expected
** Morningstar keeps fair value estimate for TLC unchanged at A$5.40
** Nine out of 14 analysts rate the stock "buy" and five "hold"; median price target at A$5.95 - data compiled by LSEG
** As of last close, stock up 1% YTD
($1 = 1.4021 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))