logo
Plus   Neg
Share
Email

Stars Group Provides Long Term Adj EPS, Revenue Growth Outlook - Quick Facts

Ahead of its 2019 Investor Day on Wednesday, Stars Group, Inc. (TSG, TSGI.TO) provided earnings per share and revenue growth guidance for the next three to five year period from its previously announced full year 2019 financial guidance ranges.

Over the next three to five year period, the company expects annual adjusted earnings per share growth of at least 10 percent and annual constant currency revenue growth of 8 to 12 percent from the guidance range announced for fiscal 2019.

The Stars Group has identified incremental recurring cost synergies beginning in 2020 from its acquisition of Sky Betting & Gaming and related operational efficiencies across the International and United Kingdom segments of about $30 million, for a currently expected total of about $100 million per year.

The Stars Group continues to expect related implementation costs to remain at about $84 million, the majority of which will be incurred in 2019.

For the first quarter of 2019, The Stars Group currently expects that consolidated revenue and adjusted EBITDA will be in-line and consistent with its expectations and assumptions used in its previously announced fiscal 2019 guidance.

Earlier in March, the company projected adjusted earnings in a range of $1.87 to $2.11 per share and revenue between $2.640 billion and $2.765 billion for fiscal 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Fiat Chrysler Automobiles N.V. (FCAU) has submitted a 50/50 merger proposal to the Board of Groupe Renault (RNSDY.PK, RNSDF.PK, RNT.L). Under the proposal, the combined company would be owned 50% by FCA shareholders and 50% by Groupe Renault shareholders. Separately, Groupe Renault confirmed it has received... Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020.
Follow RTT