Guidance Upgrade Likely From SRG Global -- Market Talk

Dow Jones

2024-11-20

2207 GMT - Engineering contractor SRG Global's run of contract wins puts an earnings guidance upgrade on the horizon, according to Bell Potter. SRG's latest batch of contract wins are worth some A$700 million, bringing the value of all new awards and extensions in FY 2025 so far to A$925 million. That represents one of the largest contract updates in SRG's recent history, analyst Joseph House says. Bell Potter's new FY 2025 Ebitda forecast of A$128.5 million is 2.8% ahead of SRG's guidance. "We emphasize an upward bias to our updated forecast, outlining that management's historical guidance beats have typically ranged 3-15%," Bell Potter says. It retains a buy call on SRG's stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

November 19, 2024 17:07 ET (22:07 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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SRG's latest batch of contract wins are worth some A$700 million, bringing the value of all new awards and extensions in FY 2025 so far to A$925 million. That represents one of the largest contract updates in SRG's recent history, analyst Joseph House says. Bell Potter's new FY 2025 Ebitda forecast of A$128.5 million is 2.8% ahead of SRG's guidance. \"We emphasize an upward bias to our updated forecast, outlining that management's historical guidance beats have typically ranged 3-15%,\" Bell Potter says. It retains a buy call on SRG's stock. 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SRG's latest batch of contract wins are worth some A$700 million, bringing the value of all new awards and extensions in FY 2025 so far to A$925 million. That represents one of the largest contract updates in SRG's recent history, analyst Joseph House says. Bell Potter's new FY 2025 Ebitda forecast of A$128.5 million is 2.8% ahead of SRG's guidance. \"We emphasize an upward bias to our updated forecast, outlining that management's historical guidance beats have typically ranged 3-15%,\" Bell Potter says. It retains a buy call on SRG's stock. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 19, 2024 17:07 ET (22:07 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484901484","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484901484","pubTimestamp":1732054020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2207 GMT - Engineering contractor SRG Global's run of contract wins puts an earnings guidance upgrade on the horizon, according to Bell Potter. SRG's latest batch of contract wins are worth some A$700 million, bringing the value of all new awards and extensions in FY 2025 so far to A$925 million. That represents one of the largest contract updates in SRG's recent history, analyst Joseph House says. Bell Potter's new FY 2025 Ebitda forecast of A$128.5 million is 2.8% ahead of SRG's guidance. \"We emphasize an upward bias to our updated forecast, outlining that management's historical guidance beats have typically ranged 3-15%,\" Bell Potter says. It retains a buy call on SRG's stock. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"SRG Global可能会上调指引——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SRG":1,"SRG.AU":0.9},"content_text":"2207 GMT - Engineering contractor SRG Global's run of contract wins puts an earnings guidance upgrade on the horizon, according to Bell Potter. SRG's latest batch of contract wins are worth some A$700 million, bringing the value of all new awards and extensions in FY 2025 so far to A$925 million. That represents one of the largest contract updates in SRG's recent history, analyst Joseph House says. Bell Potter's new FY 2025 Ebitda forecast of A$128.5 million is 2.8% ahead of SRG's guidance. \"We emphasize an upward bias to our updated forecast, outlining that management's historical guidance beats have typically ranged 3-15%,\" Bell Potter says. It retains a buy call on SRG's stock. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 19, 2024 17:07 ET (22:07 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}