JB Hi-Fi Bull Waiting on Crucial December Quarter -- Market Talk

Dow Jones

Oct 31, 2024

0028 GMT - JB Hi-Fi's bull at Citi is waiting on the crucial December-quarter period before drawing conclusions about the Australian entertainment and appliance retailer's sales performance. Analyst Adrian Lemme tells clients in a note that September-quarter sales at all three of JB Hi-Fi's units are tracking ahead of average analyst forecasts. He says the retailer is showing good momentum but makes no changes to his forecasts ahead of the Black Friday and Christmas trading period. Lemme expects JB Hi-Fi to report 1H Australia sales growth of 6.5%, compared with 5% in its fiscal 1Q. Citi has a buy rating and A$85.00 target price on the stock, which is up 5.4% at A$82.12. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 30, 2024 20:28 ET (00:28 GMT)

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Analyst Adrian Lemme tells clients in a note that September-quarter sales at all three of JB Hi-Fi's units are tracking ahead of average analyst forecasts. He says the retailer is showing good momentum but makes no changes to his forecasts ahead of the Black Friday and Christmas trading period. Lemme expects JB Hi-Fi to report 1H Australia sales growth of 6.5%, compared with 5% in its fiscal 1Q. Citi has a buy rating and A$85.00 target price on the stock, which is up 5.4% at A$82.12. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 30, 2024 20:28 ET (00:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JB Hi-Fi Bull Waiting on Crucial December Quarter -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJB Hi-Fi Bull Waiting on Crucial December Quarter -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-31 08:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0028 GMT - JB Hi-Fi's bull at Citi is waiting on the crucial December-quarter period before drawing conclusions about the Australian entertainment and appliance retailer's sales performance. Analyst Adrian Lemme tells clients in a note that September-quarter sales at all three of JB Hi-Fi's units are tracking ahead of average analyst forecasts. He says the retailer is showing good momentum but makes no changes to his forecasts ahead of the Black Friday and Christmas trading period. Lemme expects JB Hi-Fi to report 1H Australia sales growth of 6.5%, compared with 5% in its fiscal 1Q. Citi has a buy rating and A$85.00 target price on the stock, which is up 5.4% at A$82.12. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 30, 2024 20:28 ET (00:28 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7001","symbol_name":"电脑与电子产品零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479794905","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479794905","pubTimestamp":1730334480,"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":"0028 GMT - JB Hi-Fi's bull at Citi is waiting on the crucial December-quarter period before drawing conclusions about the Australian entertainment and appliance retailer's sales performance. Analyst Adrian Lemme tells clients in a note that September-quarter sales at all three of JB Hi-Fi's units are tracking ahead of average analyst forecasts. He says the retailer is showing good momentum but makes no changes to his forecasts ahead of the Black Friday and Christmas trading period. Lemme expects JB Hi-Fi to report 1H Australia sales growth of 6.5%, compared with 5% in its fiscal 1Q. Citi has a buy rating and A$85.00 target price on the stock, which is up 5.4% at A$82.12. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7001":"电脑与电子产品零售","JBH.AU":"JB HI-FI LTD"},"translate_title":"JB Hi-Fi牛市等待关键的12月季度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JBH.AU":0.9},"content_text":"0028 GMT - JB Hi-Fi's bull at Citi is waiting on the crucial December-quarter period before drawing conclusions about the Australian entertainment and appliance retailer's sales performance. Analyst Adrian Lemme tells clients in a note that September-quarter sales at all three of JB Hi-Fi's units are tracking ahead of average analyst forecasts. He says the retailer is showing good momentum but makes no changes to his forecasts ahead of the Black Friday and Christmas trading period. Lemme expects JB Hi-Fi to report 1H Australia sales growth of 6.5%, compared with 5% in its fiscal 1Q. Citi has a buy rating and A$85.00 target price on the stock, which is up 5.4% at A$82.12. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 30, 2024 20:28 ET (00:28 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}