HSBC has upgraded Flutter Entertainment PLC (FLUT) to a Buy rating from Hold, effective November 23, 2025. This change reflects a more optimistic outlook on the company's prospects.
Flutter Entertainment, headquartered in New York City, engages in online betting and gaming across various segments, including the United States, the United Kingdom and Ireland, Australia, and international markets. The company currently employs 27,345 full-time staff and has a market capitalization of $34.0 billion. Its most recent financial performance indicates a P/E ratio of 92.96 and an EPS of 2.02.
The upgrade underscores improved analyst sentiment, which may suggest better-than-expected business performance or enhanced confidence in the company's strategic direction. Analyst ratings, while informative, are based on research and financial models that reflect various assumptions and estimates. As such, they should be considered alongside other factors, including company fundamentals, competitive positioning, and industry trends.
Flutter's upcoming earnings report is scheduled for August 5, 2026, with an estimated EPS of $2.84 and revenue of $4.7 billion. Recent earnings performance has shown significant surprises, notably a 92.3% surprise in Q3 2025 with an EPS of $1.64 against an estimate of $0.85.
Analyst consensus as of November 1, 2025, indicates 7 Strong Buy, 19 Buy, and 3 Hold ratings, reflecting a general positive outlook on the company. Analyst opinions can change as new information becomes available, highlighting the dynamic nature of market assessments.