2356 GMT - Xero's lower-than-expected cost-to-revenue ratio makes the cloud-accounting software provider's full-year guidance look conservative, Jefferies analyst Roger Samuel says. Xero is still forecasting a 73% full-year cost ratio despite a fiscal first-half cost ratio of 71% and lower product design and development costs. Samuel suggests that the discrepancy could imply higher earnings expectations across fiscal 2025. Overall, he tells clients in a note that Xero's latest result looks strong. Jefferies has a buy rating and A$175.40 target price on the stock, which is up 6.1% at A$171.42. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
November 13, 2024 18:56 ET (23:56 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。