1. Flutter reported Q3 earnings of $1.64, beating estimates of $0.86. 2. Revenue of $3.79 billion missed expectations of $3.9 billion. 3. Revenue outlook for FY25 was reduced to $16.69 billion from $17.05 billion. 4. Shares fell 4.5% to $224.00 in pre-market trading. 5. Analysts lowered price targets but maintained 'Buy' ratings.
The revenue miss combined with lowered FY25 guidance indicates potential profitability concerns, similar to past downgrades post-earnings. Historical context shows shares often react negatively to such guidance changes.
The financial results and guidance impact investor sentiment and future projections, influencing trading decisions significantly.
Immediate market reaction to earnings typically influences stock price in the short term. If Flutter shows improved performance or regained guidance, effects could lessen beyond Q1 2025.