Entain

Enters 2021 with good US momentum

  • Sectors : Gaming
  • Companies : Entain

Ratings and price correct at time of issue.

  • Entain

    Closing Price: 1461p

  • RATING 13/12/17

  • PREVIOUS RATING N/A

DAVY VIEW

There are no surprises in the Entain results given that its FY20 performance was already well understood (detailed trading update on January 21st). It enters 2021 with decent momentum across its core online and US businesses. Continued progress in the latter will be the primary driver of company valuation in the current year. For FY21, we are likely to reduce our estimates by a low-single- digit percentage, driven by a longer period of retail closures than previously expected.

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Mar 4 2021, 08:50 GMT

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