Brickworks' North American Sales Drop Looks Larger Than Expected -- Market Talk

Like
Comment
Favorite

Brickworks' North American Sales Drop Looks Larger Than Expected -- Market Talk

Dow Jones2024-11-26

0043 GMT - The decline in Brickworks' first-quarter North American sales was slightly larger than Ord Minnett analyst James Casey had anticipated. The Australian building-products manufacturer's 12% drop in North American sales over the three months through October compares with his forecast of a 4% decline over the whole of the company's fiscal first half, which ends in January. However, it's not all bad. A 5% fall in 1Q Australian sales was less than the 7.5% he expects over 1H, while he tells clients in a note that the company's property segment is expected to benefit from rental income growth. Ord Minnett has an accumulate recommendation and A$31.00 target price on the stock, which is down 0.5% at A$26.45. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 25, 2024 19:43 ET (00:43 GMT)

At the request of the copyright holder, you need to log in to view this content

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.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2486857095?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-26 08:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2486857095","market":"fut","top_or_hot":-1,"title":"Brickworks' North American Sales Drop Looks Larger Than Expected -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0043 GMT - The decline in Brickworks' first-quarter North American sales was slightly larger than Ord Minnett analyst James Casey had anticipated. The Australian building-products manufacturer's 12% drop in North American sales over the three months through October compares with his forecast of a 4% decline over the whole of the company's fiscal first half, which ends in January. However, it's not all bad. A 5% fall in 1Q Australian sales was less than the 7.5% he expects over 1H, while he tells clients in a note that the company's property segment is expected to benefit from rental income growth. Ord Minnett has an accumulate recommendation and A$31.00 target price on the stock, which is down 0.5% at A$26.45. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 19:43 ET (00:43 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>Brickworks' North American Sales Drop Looks Larger Than Expected -- 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\">\nBrickworks' North American Sales Drop Looks Larger Than Expected -- 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\">2024-11-26 08:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0043 GMT - The decline in Brickworks' first-quarter North American sales was slightly larger than Ord Minnett analyst James Casey had anticipated. The Australian building-products manufacturer's 12% drop in North American sales over the three months through October compares with his forecast of a 4% decline over the whole of the company's fiscal first half, which ends in January. However, it's not all bad. A 5% fall in 1Q Australian sales was less than the 7.5% he expects over 1H, while he tells clients in a note that the company's property segment is expected to benefit from rental income growth. Ord Minnett has an accumulate recommendation and A$31.00 target price on the stock, which is down 0.5% at A$26.45. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 25, 2024 19:43 ET (00:43 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":"AFG","symbol_name":"美国金融集团有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2486857095","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486857095","pubTimestamp":1732581780,"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":"0043 GMT - The decline in Brickworks' first-quarter North American sales was slightly larger than Ord Minnett analyst James Casey had anticipated. The Australian building-products manufacturer's 12% drop in North American sales over the three months through October compares with his forecast of a 4% decline over the whole of the company's fiscal first half, which ends in January. However, it's not all bad. A 5% fall in 1Q Australian sales was less than the 7.5% he expects over 1H, while he tells clients in a note that the company's property segment is expected to benefit from rental income growth. Ord Minnett has an accumulate recommendation and A$31.00 target price on the stock, which is down 0.5% at A$26.45. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AFG":"美国金融集团有限公司","BKW.AU":"BRICKWORKS LIMITED"},"translate_title":"Brickworks北美销售额降幅看起来大于预期——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AFG":1,"BKW.AU":0.9},"content_text":"0043 GMT - The decline in Brickworks' first-quarter North American sales was slightly larger than Ord Minnett analyst James Casey had anticipated. The Australian building-products manufacturer's 12% drop in North American sales over the three months through October compares with his forecast of a 4% decline over the whole of the company's fiscal first half, which ends in January. However, it's not all bad. A 5% fall in 1Q Australian sales was less than the 7.5% he expects over 1H, while he tells clients in a note that the company's property segment is expected to benefit from rental income growth. Ord Minnett has an accumulate recommendation and A$31.00 target price on the stock, which is down 0.5% at A$26.45. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 25, 2024 19:43 ET (00:43 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":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}