Flutter Entertainment (NYSE:FLUT) Shares Gap Down on Disappointing Earnings

Flutter Entertainment PLC (NYSE:FLUT) shares gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $104.96, but opened at $97.71. Flutter Entertainment shares last traded at $96.51, with a volume of 3,293,874 shares trading hands.

The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). The business had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.24 billion. Flutter Entertainment had a negative net margin of 4.39% and a positive return on equity of 7.20%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.95 EPS.

Trending Headlines about Flutter Entertainment

Here are the key news stories impacting Flutter Entertainment this week:

• Positive Sentiment: Revenue of $4.33 billion exceeded analysts’ $4.24 billion estimate and increased 3.3% year over year, indicating continued top-line growth despite operating challenges. Flutter Entertainment’s Q2 CY2026 beats on revenue but stock drops
• Positive Sentiment: Citi upgraded Flutter to “neutral,” arguing that the recent 13% share-price decline has reset expectations. Michael Burry also reportedly views the selloff as a potential buying opportunity. Citi upgrades Flutter after 13% share price slide
• Positive Sentiment: Benchmark, Stifel, Needham and BTIG retained “buy” ratings, although each lowered its price target. Their revised targets still imply meaningful upside from recent levels.
• Neutral Sentiment: Dan Taylor, a Flutter veteran, will replace Peter Jackson as group CEO. Management expects the company’s strategy to continue, which may provide some stability during the transition. Dan Taylor to become Flutter’s next group CEO
• Negative Sentiment: Second-quarter EPS of $0.49 missed the $0.54 consensus estimate, while the company cut its profit outlook again. The earnings miss and guidance reduction point to weaker near-term earnings momentum.
• Negative Sentiment: Flutter said its U.S. sports-betting business is faltering, raising concerns about FanDuel’s growth, margins and the pace of profitability improvement. Flutter CEO to Step Down as U.S. Sports-Betting Business Falters
• Negative Sentiment: Jackson’s impending departure adds execution uncertainty, particularly as investors reassess the company’s U.S. expansion strategy. Shares fell following the earnings miss and CEO announcement.

Wall Street Analysts Forecast Growth

FLUT has been the subject of several recent research reports. Truist Financial dropped their price target on shares of Flutter Entertainment from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday. Moffett Nathanson downgraded Flutter Entertainment from a “buy” rating to a “neutral” rating and set a $127.00 price objective on the stock. in a report on Friday, April 24th. Citizens Jmp dropped their target price on Flutter Entertainment from $165.00 to $159.00 and set a “market outperform” rating for the company in a report on Wednesday, July 8th. BNP Paribas Exane started coverage on Flutter Entertainment in a research report on Thursday, May 14th. They set an “underperform” rating and a $80.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft set a $148.00 price target on Flutter Entertainment in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.04.

Insider Activity at Flutter Entertainment

In other Flutter Entertainment news, CEO Daniel Mark Taylor purchased 1,611 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $94.29 per share, for a total transaction of $151,901.19. Following the transaction, the chief executive officer directly owned 34,584 shares in the company, valued at approximately $3,260,925.36. The trade was a 4.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeremy Peter Jackson sold 3,084 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $98.13, for a total value of $302,632.92. Following the sale, the chief executive officer owned 74,326 shares in the company, valued at approximately $7,293,610.38. This trade represents a 3.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have acquired 4,144 shares of company stock valued at $399,337 and have sold 5,865 shares valued at $564,213. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On Flutter Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MML Investors Services LLC boosted its position in shares of Flutter Entertainment by 0.6% during the second quarter. MML Investors Services LLC now owns 7,081 shares of the company’s stock worth $2,024,000 after purchasing an additional 45 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Flutter Entertainment by 5.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,311 shares of the company’s stock valued at $290,000 after buying an additional 69 shares in the last quarter. Truist Financial Corp increased its position in shares of Flutter Entertainment by 2.8% in the 4th quarter. Truist Financial Corp now owns 2,602 shares of the company’s stock valued at $560,000 after buying an additional 72 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in Flutter Entertainment by 83.3% during the 3rd quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 165 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Flutter Entertainment by 0.9% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,119 shares of the company’s stock worth $1,961,000 after buying an additional 80 shares during the period.

Flutter Entertainment Price Performance

The company has a 50 day moving average of $104.57 and a 200 day moving average of $113.66. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.27. The firm has a market cap of $16.44 billion, a price-to-earnings ratio of -22.54, a P/E/G ratio of 1.27 and a beta of 1.28.

About Flutter Entertainment

Flutter Entertainment plc is a global sports betting and gaming company that operates a portfolio of consumer-facing brands and digital platforms. The company’s primary activities include online sports betting, casino gaming, poker, and daily fantasy sports, delivered through web and mobile applications as well as retail betting locations in select markets. Flutter focuses on product development, customer acquisition and engagement, and compliance with local gambling regulations across the jurisdictions where it operates.

Flutter’s brand portfolio includes well-known names in different regional markets, such as FanDuel in the United States, PokerStars, Betfair, Paddy Power and Sky Betting & Gaming in Europe and elsewhere.