0954 GMT - RS Group can expect a consensus downgrade of around 5% to fiscal 2025 adjusted pretax profit after announcing it expected the metric to be at the bottom end of analysts' expectations of 247 million pounds to 274 million pounds, Shore Capital's Tom Fraine says. Fraine sees Amazon Business as a potential threat to the industrial and electronics products distributor's future market share gains given its scale and ability to deliver products very quickly. On one hand, the improvement in industrial maintenance, repair and operations products may be lengthening replacement cycles, creating a long-term headwind. However, Shore notes that RS Group's strong record of market share gains might have been enhanced by investments in digital capabilities. Shares are down 6% at 632.50 pence. (anthony.orunagoriainoff@dowjones.com)
(END) Dow Jones Newswires
January 28, 2025 04:54 ET (09:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.