Lottery Corp. Bull Stays Positive Despite Disappointing Revenue -- Market Talk

Dow Jones12-06

0259 GMT - Lottery Corp.'s 1H lottery revenue is on track to come in below expectations for its bull at Citi. The 3% on-year rise in the period so far is in line with the average analyst forecast, Adrian Lemme tells clients in a note, adding that it lags the 9% he had anticipated. He will be closely monitoring how things develop in December before making any changes to his forecasts, he notes. There are signs of either consumer fatigue or cost-of-living pressures, he adds, and wonders if higher jackpots are needed to keep punters interested. More positively, he points out that last week's A$100 million jackpot has lifted some risks for the remainder of the half. Citi maintains a buy rating and a target price of A$5.60 for the stock, which is down 0.8% at A$5.16. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 05, 2024 21:59 ET (02:59 GMT)

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Bull Stays Positive Despite Disappointing Revenue -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-06 10:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0259 GMT - Lottery Corp.'s 1H lottery revenue is on track to come in below expectations for its bull at Citi. The 3% on-year rise in the period so far is in line with the average analyst forecast, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LTRY","symbol_name":"Lottery","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489426661","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489426661","pubTimestamp":1733453940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0259 GMT - Lottery Corp.'s 1H lottery revenue is on track to come in below expectations for its bull at Citi. The 3% on-year rise in the period so far is in line with the average analyst forecast, Adrian Lemme tells clients in a note, adding that it lags the 9% he had anticipated. He will be closely monitoring how things develop in December before making any changes to his forecasts, he notes. There are signs of either consumer fatigue or cost-of-living pressures, he adds, and wonders if higher jackpots are needed to keep punters interested. More positively, he points out that last week's A$100 million jackpot has lifted some risks for the remainder of the half. Citi maintains a buy rating and a target price of A$5.60 for the stock, which is down 0.8% at A$5.16. 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