Report
Daniel Ragonese
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Strong Momentum in North America Drives Another Solid Result for Aristocrat Leisure

Narrow-moat Aristocrat Leisure’s strong momentum in North America shows no signs of slowing. This was evidenced by the solid market share gains achieved in the (leased) gaming operations and outright unit sales categories, in the first half of fiscal 2019. The firm reported a 17% increase in interim earnings per share (pre-amortisation), or EPSA, to AUD 66.2 cents. However, part of this growth reflected the translation benefit of the weaker Australian dollar. Excluding the currency tailwind, EPS...
Underlying
Aristocrat Leisure Limited

Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Daniel Ragonese

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