What's Going On With Sports Betting And Gambling Company Flutter Entertainment On Friday?
- Flutter Entertainment CFO Change: Flutter Entertainment Plc announced the immediate departure of CFO Paul Edgecliffe-Johnson, who will be replaced by Rob Coldrake.
- Market Performance: FLUT shares initially traded lower but reversed losses and were higher in the premarket session on Friday.
- Business Focus Shift: The new CFO, Rob Coldrake, will focus on Flutter's American market operations, as the company shifts its primary share listing from London to New York due to growth opportunities in the U.S.
- Challenges Faced: Flutter faced challenges with a revived shareholder lawsuit in New York and a new sports betting tax in Illinois impacting its shares temporarily.
- Financial Performance: Flutter Entertainment reported strong fiscal 2023 revenue growth, with adjusted EBITDA and EPS also showing significant increases.
Trade with 70% Backtested Accuracy
Analyst Views on HERO
No data
About the author
Wednesday's ETF with Unusual Volume: HERO
High Trading Volume for ETF: The Global X Video Games & Esports ETF experienced unusually high trading volume on Wednesday, with over 322,000 shares traded compared to a three-month average of about 33,000 shares.
Performance of ETF Components: Among the ETF components, Unity Software saw a decline of 4.9%, while Electronic Arts increased by 0.3%. Playtika Holding performed best with a 2% rise, whereas Douyu International Holdings dropped by 6%.
Take-Two Interactive Software Stock Outlook: Is Wall Street Bullish or Bearish?
Company Overview and Performance: Take-Two Interactive Software, Inc. is a leading video game publisher with a market cap of $38.2 billion, known for franchises like Grand Theft Auto and NBA 2K. The company has outperformed the broader market, gaining 41.2% over the past year compared to the S&P 500's 22.5%.
Analyst Ratings and Future Outlook: Analysts have a consensus "Strong Buy" rating for TTWO stock, with expectations for EPS growth of 7.7% this fiscal year. Recent ratings suggest a price target of $250, indicating potential upside from current levels.
What's Going On With Electronic Arts Stock Today?
Earnings Report: Electronic Arts Inc reported third-quarter revenue of $1.883 billion, exceeding expectations, while net bookings fell short at $2.215 billion. The company anticipates a return to growth in FY26 and has declared a quarterly dividend of $0.19 per share.
Stock Performance and Future Outlook: EA shares rose 2.99% premarket, with plans for an accelerated stock repurchase of $1 billion. For the fourth quarter, the company expects EPS between $0.65 – $1.00 and revenue of $1.682 billion – $1.832 billion, projecting lower net bookings for FY25 compared to previous estimates.
Videogame Stocks Could Level Up in 2025. Watch Take-Two and GTA 6.
Industry Outlook: The videogame industry, which faced challenges post-Covid-19, is expected to rebound in 2025 with anticipated releases like Grand Theft Auto VI and updates from other major publishers, potentially driving sales and investor interest.
Investment Risks and Opportunities: Analysts recommend investing in the sector despite high production costs and risks associated with new game launches, highlighting the potential for growth through artificial intelligence integration and upcoming game releases.
Electronic Arts Q2 Earnings: EPS Beat, Solid Bookings, Football's $1 Billion Run In Sight & More
Quarterly Performance: Electronic Arts reported second-quarter net revenue of $2.025 billion, slightly below expectations, but exceeded EPS estimates with $1.11. The company achieved record net bookings of $2.079 billion and announced a quarterly dividend of $0.19 per share.
Future Outlook: EA raised its full fiscal year EPS guidance to $3.82 – $4.33 and revenue forecast to $7.4 billion – $7.7 billion, while projecting net bookings around $7.500 billion to $7.800 billion.
Should You Invest in the Invesco Leisure and Entertainment ETF (PEJ)?
Invesco Leisure and Entertainment ETF Overview: The Invesco Leisure and Entertainment ETF (PEJ) is a passively managed fund that provides exposure to the Consumer Discretionary - Leisure and Entertainment sector, with assets over $243 million and an expense ratio of 0.58%. It aims to match the performance of the Dynamic Leisure & Entertainment Intellidex Index.
Performance and Holdings: Year-to-date, PEJ has increased by 13.52% and 24.25% over the past year, with a high risk profile indicated by a beta of 1.36. The ETF's top holdings include Sysco Corp, Hilton Worldwide, and Royal Caribbean Cruises, representing about 44.51% of total assets.
Wednesday's ETF with Unusual Volume: HERO
High Trading Volume for ETF: The Global X Video Games & Esports ETF experienced unusually high trading volume on Wednesday, with over 322,000 shares traded compared to a three-month average of about 33,000 shares.
Performance of ETF Components: Among the ETF components, Unity Software saw a decline of 4.9%, while Electronic Arts increased by 0.3%. Playtika Holding performed best with a 2% rise, whereas Douyu International Holdings dropped by 6%.
Take-Two Interactive Software Stock Outlook: Is Wall Street Bullish or Bearish?
Company Overview and Performance: Take-Two Interactive Software, Inc. is a leading video game publisher with a market cap of $38.2 billion, known for franchises like Grand Theft Auto and NBA 2K. The company has outperformed the broader market, gaining 41.2% over the past year compared to the S&P 500's 22.5%.
Analyst Ratings and Future Outlook: Analysts have a consensus "Strong Buy" rating for TTWO stock, with expectations for EPS growth of 7.7% this fiscal year. Recent ratings suggest a price target of $250, indicating potential upside from current levels.
What's Going On With Electronic Arts Stock Today?
Earnings Report: Electronic Arts Inc reported third-quarter revenue of $1.883 billion, exceeding expectations, while net bookings fell short at $2.215 billion. The company anticipates a return to growth in FY26 and has declared a quarterly dividend of $0.19 per share.
Stock Performance and Future Outlook: EA shares rose 2.99% premarket, with plans for an accelerated stock repurchase of $1 billion. For the fourth quarter, the company expects EPS between $0.65 – $1.00 and revenue of $1.682 billion – $1.832 billion, projecting lower net bookings for FY25 compared to previous estimates.
Videogame Stocks Could Level Up in 2025. Watch Take-Two and GTA 6.
Industry Outlook: The videogame industry, which faced challenges post-Covid-19, is expected to rebound in 2025 with anticipated releases like Grand Theft Auto VI and updates from other major publishers, potentially driving sales and investor interest.
Investment Risks and Opportunities: Analysts recommend investing in the sector despite high production costs and risks associated with new game launches, highlighting the potential for growth through artificial intelligence integration and upcoming game releases.
Electronic Arts Q2 Earnings: EPS Beat, Solid Bookings, Football's $1 Billion Run In Sight & More
Quarterly Performance: Electronic Arts reported second-quarter net revenue of $2.025 billion, slightly below expectations, but exceeded EPS estimates with $1.11. The company achieved record net bookings of $2.079 billion and announced a quarterly dividend of $0.19 per share.
Future Outlook: EA raised its full fiscal year EPS guidance to $3.82 – $4.33 and revenue forecast to $7.4 billion – $7.7 billion, while projecting net bookings around $7.500 billion to $7.800 billion.
Should You Invest in the Invesco Leisure and Entertainment ETF (PEJ)?
Invesco Leisure and Entertainment ETF Overview: The Invesco Leisure and Entertainment ETF (PEJ) is a passively managed fund that provides exposure to the Consumer Discretionary - Leisure and Entertainment sector, with assets over $243 million and an expense ratio of 0.58%. It aims to match the performance of the Dynamic Leisure & Entertainment Intellidex Index.
Performance and Holdings: Year-to-date, PEJ has increased by 13.52% and 24.25% over the past year, with a high risk profile indicated by a beta of 1.36. The ETF's top holdings include Sysco Corp, Hilton Worldwide, and Royal Caribbean Cruises, representing about 44.51% of total assets.
