Light & Wonder's Q1 Results Expected to Be Soft, 2026 Outlook Expected to Be Maintained, Jarden Says
MT Newswires Live
Apr 22
Light & Wonder's (ASX:LNW) first-quarter results are expected to be soft, though the full-year outlook is expected to be maintained, Jarden said in a Tuesday note.
Jarden said its first-quarter adjusted earnings before interests, taxes, depreciation, and amortization (AEBITDA) estimate of $326 million is expected to be 5% below consensus. The first quarter represents just 21% of the full-year AEBITDA estimate and proportional contribution set to build through the year.
It noted that the underlying demand backdrop remains intact.
The investment firm retained its buy rating on Light and Wonder and cut the price target to AU$190 per share from AU$199 per share.
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