Tiger Brokers

BUZZ-Australia's Ampol slides; Macquarie trims PT and earnings estimates

Reuters
Jan 28, 2025
BUZZ-Australia's Ampol slides; <a href="https://laohu8.com/S/MQG.AU">Macquarie</a> trims PT and earnings estimates

** Shares of Ampol ALD.AX fall 3% to A$28.59, lowest level since Jan. 3

** Analysts at Macquarie trim PT for the energy provider to A$31 from A$33.75 and downgrade rating to "neutral" from "outperform"

** Brokerage says 2024 profit forecast of A$1,200 mln ($750.84 mln) EBITDA, A$715 mln EBIT below expectations, indicating softer 4Q in refining, fuels & infrastructure (F&I) and international

** Macquarie lowers 2024 EPS estimates by 13% on weaker 4Q and higher interest costs

** 2025 and 2026 estimates trimmed by 8% and 4% respectively on lower F&I margins and higher interest costs - Macquarie

** Mean rating of 10 analysts is "buy"; median PT is A$32 – according to estimates compiled by LSEG data

($1 = 1.5982 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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