Yahoo Finance Broker Revenue Forecasts For Flutter Entertainment plc (ISE:FLTR) Are Surging Higher
Flutter Entertainment plc (ISE:FLTR) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The revenue forecast for this year has experienced a facelift, with the analysts now much more optimistic on its sales pipeline.
After this upgrade, Flutter Entertainment's 13 analysts are now forecasting revenues of UK£3.6b in 2020. This would be a major 70% improvement in sales compared to the last 12 months. Statutory earnings per share are anticipated to shrink 8.1% to UK£1.68 in the same period. Before this latest update, the analysts had been forecasting revenues of UK£1.9b and earnings per share (EPS) of UK£2.72 in 2020. Although revenues are expected to increase, the analysts have become more pessimistic on earnings, given the pretty serious decline to EPS estimates following the latest update.
View our latest analysis for Flutter Entertainment
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that Flutter Entertainment's rate of growth is expected to accelerate meaningfully, with the forecast 70% revenue growth noticeably faster than its historical growth of 22% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 7.2% next year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Flutter Entertainment to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that analysts cut their earnings per share estimates, expecting a clear decline in business conditions. They also upgraded their revenue estimates for this year, and sales are expected to grow faster than the wider market. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Flutter Entertainment.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Flutter Entertainment going out to 2023, and you can see them free on our platform here..
Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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