Stocks Tracker: Who are the full-year results week winners and losers?

In a brand new feature, EGR investigates the share price movement of industry giants, including Flutter Entertainment, Entain and DraftKings

Flutter Entertainment

Monday opening: 13,960p

Friday opening: 15,030p

London-listed giant Flutter Entertainment unveiled its FY 2020 results on Tuesday 2 March which saw its share price shoot up 2.75% to 14,760p, with the firm posting a 28% year-on-year (YoY) increase in group revenue.

Flutter’s share price steadily fell from its results-day high throughout Tuesday 2 March, before recovering to reach a new high of 14,775p at market close on Wednesday 3 March.

Thursday 4 March saw the group hit a weekly high in the afternoon, with its share price breaking the 15,000p barrier to reach 15,170p, before closing at 15,130p.

Elsewhere, Fluter confirmed it has invested £48m into Indian online rummy and skill gaming operator Junglee Games in return for a 50.1% stake.

CEO Peter Jackson said: “We delivered a very strong financial performance in 2020, benefiting from our scale and diversification. We continue to grow our recreational player base across all key regions, in Q4 alone the group had over 7.6 million monthly online players.”

Entain

Monday opening: 1,431p

Friday opening: 1,427p

Entain was not as fortunate as its FTSE 100 rival in the results week stakes, with the group’s share price slipping 2% to 1,431p on Thursday 4 March.

The falling share price, which recovered to 1,464p by market close, did not correlate with the group’s positive 2020 financial results, where online net gaming revenue rose 28% YoY to £2.75bn, with sports growing 26% to £1.2bn and gaming up 30% to £1.54bn.

However, overall group revenue was flat YoY at 1% to £3.63bn, thanks to the devastating impact of the coronavirus pandemic on retail.

Jette Nygaard-Andersen, who replaced Shay Segev as CEO in January, said US and international expansion plans set Entain in good stead for the future.

She said: “The strong underlying momentum within our business, the rapid growth of our US joint venture, and our continuing international expansion mean that we are as confident as ever in the long-term prospects for Entain.”

Scientific Games

Monday opening: $48.48

Thursday close: $45.93

A strong start to the week for Scientific Games’ share price fizzled out by the afternoon of Thursday 4 March despite initial positive reaction to Q4 2020 results and a major new partnership.

Monday was a blockbuster day for the Las Vegas-headquartered supplier, starting with the announcement of a cross-licensing agreement with IGT on cashless gaming technologies, before revealing the group’s Q4 2020 results.

Despite posting a 11.7% YoY decrease in revenue to $762m, the market reacted positively by the morning of Tuesday 2 March, with Scientific Games’ share price hitting $52.45 shortly after the market opened.

Growth across its lottery, SciPlay and digital arms was not enough to counteract major losses from its gaming branch, which was severely impacted by Covid-19.

The group’s share price hit a weekly-low of $44.50 dollars on Thursday 4 March, with the early clamour subsiding.

Barry Cottle, Scientific Games CEO, said: “The executive team and our board are working purposefully to transform our company, capitalise on the evolving industry trends and deliver outsized returns to our shareholders.”

DraftKings

Monday opening: $63.48

Thursday close: $61.91

The stock market phenomenon that is DraftKings shows no signs of slowing down following its FY 2020 results announcement on Friday 26 February.

The Boston-headquartered operator followed the $664m revenue report, which saw its share price jump 7% alone, with two new partnerships.

The operator inked an agreement with TV provider DISH TV to integrate its sportsbook app into its platform, before netting a five-year sponsorship deal with UFC on Thursday 4 March.

The group’s share price threatened to surpass its current 52-week high when the market opened on Wednesday 3 March, reaching $71.99, just shy of the $72.16 record.

DraftKings said it has increased its revenue guidance for 2021 following its 2020 results up to $1bn from a previous estimate of $750m to $850m.

IGT

Monday opening: $18.76

Thursday close: $16.84

Unlike Scientific Games, New York-listed supplier IGT was unable to avoid a share price slam after posting worrying Q4 2020 results.

IGT recorded a 23% YoY decrease in revenue to $3.12bn as the group’s global gaming arm suffered a 45% loss in revenue from $1.74bn to $951m.

The provider’s share price slid 5% on market opening on Tuesday 2 March to $17.81, before recovering to $19.13 on Wednesday 3 March.

The recovery was short-lived. Thursday 4 March’s opening share price of $18.22 plummeted 9.8% to a weekly low of $16.44, before closing at $16.84.

The Stocks Tracker will be published as a monthly feature in future.

UK-listed companies will have their Friday closing price updated at 16:30 GMT.

US-listed companies will have their Friday opening price updated at 14:30 GMT.

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