Endeavour May Face Up to A$15 Million Earnings Hit From Strike -- Market Talk

Dow Jones

2024-12-12

0126 GMT - Endeavour Group's annual earnings are likely to be hit by as much as 1.5% by the recent strike at Woolworths distribution centers, Goldman Sachs analysts warn. This worst-case estimate, based on an eventual total of A$50 million in lost sales, would reduce annual earnings before interest and tax by A$15 million. They tell clients in a note that the Ebit impact could be as low as A$6 million if Endeavour limits the adverse sales impact to the A$25 million already disclosed by the company. They acknowledge that the situation is evolving and make no changes to their earnings forecasts. GS maintains a buy rating and a target price of A$5.50 on the stock. Shares are 0.5% lower at A$4.26. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 11, 2024 20:26 ET (01:26 GMT)

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

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