Category: Analyst Research

Analyst Research

Bapcor Ltd (BAP) – Neutral

Bapcor Ltd (BAP) FY18 results were largely in-line with consensus estimates, with proforma NPAT of $86.5m coming in consensus range of $85.2m-90.3m which saw the stock price increase marginally.

Read more

ARB Corporation Ltd (ARB) – NEUTRAL

ARB Corporation Ltd (ARB) reported FY18 results, with EPS of 64.3cps, NPAT of $50.9m and revenue of $423.9m,

Read more

IDP Education Ltd (IEL) – NEUTRAL

IDP Education (IEL) announced FY18 results with a revenue increase of +25% on a constant currency basis to $487.2m and EBITDA was up +28% to $89m, in line with market consensus.

Read more

Spark New Zealand (SPK) – Neutral

Spark New Zealand (SPK) reported FY18 results that beat consensus estimates on the earnings front. Compared to the previous year, adjusted EBITDA (excluding Quantum implementation costs) was up +2.2% to $1.0bn as a result of ongoing revenue growth across mobile,…

Read more

Inghams Group (ING) – Neutral

Overall, in our view, Inghams Group (ING) reported a solid FY18 result, with much of the ongoing investment debate focused on the quantum of cost increases in FY19.

Read more

Lendlease Group (LLC) – Buy

Lendlease Group (LLC) FY18 results, came in above market expectations but management noted FY19 construction margins would likely be impacted by underperforming projects and elevated bid costs in Australia after narrowing in FY18.

Read more

APA Group (APA) – BUY

APA’s FY18 results came in above market expectations, with operating earnings (EBITDA) of $1,518.5m, +1.3% above market expectations of $1,499m

Read more

Carsales.com Ltd (CAR) – NEUTRAL

CAR stock price was up +9.8% after the company’s FY18 results met consensus estimates (revenue of $444m was ahead of estimates of $440.5m

Read more

BHP Billiton (BHP) – Neutral

BHP FY18 results were mostly in line with estimates, with underlying EBITDA of US$24.1bn mostly in line with market expectations of US$24.5m (underlying EBITDA margin of 55% stable year on year) and underlying NPAT of US$8.9bn was also in line…

Read more

The a2 Milk Co Ltd (A2M) – Neutral

The a2 Milk Co (A2M) reported another solid result which came in above market expectations.

Read more

Cleanaway Waste Management (CWY) – NEUTRAL

CWY reported strong FY18 results amidst changing regulatory environments in National Sword Policy and Recycling, with organic growth experienced across

Read more

Sydney Airport (SYD) – BUY

Sydney Airport (SYD) 1H18 results were largely in line with expectations, posting solid headline numbers with growth being realised across all segments.

Read more

We prioritise transparency in everything we do; our primary objectives are your satisfaction and success.

Receive the latest news and media directly to your inbox

By clicking submit, I agree to the terms of the Reach Markets Financial Services Guide that includes the Privacy Statement.