Helloworld Tracking Well in FY 2024 So Far, Versus Estimates -- Market Talk

Dow Jones03-15

0051 GMT - Helloworld's strong start to FY 2024, alongside new Australian Bureau of Statistics travel data, are tracking well versus Shaw and Partners' FY 2024 forecasts, says Philip Pepe, an analyst at the wealth-management firm. The ABS Overseas Arrivals and Departures data for January bodes well for Helloworld, says Shaw and Partners, which prompts it to reiterate its buy rating on the stock with a A$3.80 target price. The ABS data shows that total arrivals for January were 2,122,070, an annual Shaw and Partners which makes no changes to its earnings forecasts. Helloworld rises 0.3% to A$2.91. (alice.uribe@wsj.com)

(END) Dow Jones Newswires

March 14, 2024 20:57 ET (00:57 GMT)

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The ABS data shows that total arrivals for January were 2,122,070, an annual Shaw and Partners which makes no changes to its earnings forecasts. Helloworld rises 0.3% to A$2.91. 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