Aristocrat Leisure

Aristocrat Leisure is under Algo Engine buy conditions. We promoted the purchase of the stock only last week at $39.50 and following today’s earnings release, the share price has jumped 10%+.

Aristocrat reported EBITA of $1,027 million, with lower than expected corporate costs driving most of the earnings beat. The buyback has been extended by a further $350 million. We expect growth in FY24 to be 10 – 15%.