Global online betting powerhouse Flutter Entertainment (NASDAQ: FLUT) will be reporting results this Wednesday after market close. Here’s what to expect.

Flutter Entertainment missed analysts’ revenue expectations last quarter, reporting revenues of $4.74 billion, up 24.9% year on year. It was a slower quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.

Is Flutter Entertainment a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Flutter Entertainment’s revenue to grow 11.9% year on year, improving from the 7.9% increase it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing in majority downward revisions over the last 30 days. Flutter Entertainment has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Flutter Entertainment’s peers in the consumer discretionary - casino operator segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Monarch delivered year-on-year revenue growth of 8.9%, beating analysts’ expectations by 5.2%, and PENN Entertainment reported revenues up 6.4%, topping estimates by 1.7%. Monarch traded up 15.9% following the results while PENN Entertainment was also up 16.7%.

Read our full analysis of Monarch’s results here and PENN Entertainment’s results here.

There has been positive sentiment among investors in the consumer discretionary - casino operator segment, with share prices up 4.4% on average over the last month. Flutter Entertainment’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $187 (compared to the current share price of $104.75).

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