Monadelphous's Revenue Guidance Looks Conservative -- Market Talk

Dow Jones03-27

2142 GMT - Monadelphous's newest bull says the engineering contractor's FY 2024 guidance of 10% revenue growth looks conservative. Bell Potter, which starts Monadelphous at buy with a A$15.40/share price target, expects revenue growth of 17%. "Engineering Construction revenue growth is forecast to continue in 2H FY24, with a step-up in construction contracts won in FY 2024 valued at over A$750 million scheduled to be completed over FY 2024-25," analyst Joseph House says in a note. In Maintenance and Industrial Services, Monadelphous's annualized contracts either won or extended in FY 2024 so far are running at a record level, and well ahead of a year ago. Monadelphous ended Tuesday at A$13.80. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 26, 2024 17:43 ET (21:43 GMT)

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In Maintenance and Industrial Services, Monadelphous's annualized contracts either won or extended in FY 2024 so far are running at a record level, and well ahead of a year ago. Monadelphous ended Tuesday at A$13.80. 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Bell Potter, which starts Monadelphous at buy with a A$15.40/share ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MND.AU","symbol_name":"MONADELPHOUS GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2422673984","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2422673984","pubTimestamp":1711489380,"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":"2142 GMT - Monadelphous's newest bull says the engineering contractor's FY 2024 guidance of 10% revenue growth looks conservative. Bell Potter, which starts Monadelphous at buy with a A$15.40/share price target, expects revenue growth of 17%. \"Engineering Construction revenue growth is forecast to continue in 2H FY24, with a step-up in construction contracts won in FY 2024 valued at over A$750 million scheduled to be completed over FY 2024-25,\" analyst Joseph House says in a note. In Maintenance and Industrial Services, Monadelphous's annualized contracts either won or extended in FY 2024 so far are running at a record level, and well ahead of a year ago. Monadelphous ended Tuesday at A$13.80. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MND.AU":"MONADELPHOUS GROUP LTD"},"translate_title":"Monadelphous的收入指导看起来很保守——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MND.AU":0.9},"content_text":"2142 GMT - Monadelphous's newest bull says the engineering contractor's FY 2024 guidance of 10% revenue growth looks conservative. Bell Potter, which starts Monadelphous at buy with a A$15.40/share price target, expects revenue growth of 17%. \"Engineering Construction revenue growth is forecast to continue in 2H FY24, with a step-up in construction contracts won in FY 2024 valued at over A$750 million scheduled to be completed over FY 2024-25,\" analyst Joseph House says in a note. In Maintenance and Industrial Services, Monadelphous's annualized contracts either won or extended in FY 2024 so far are running at a record level, and well ahead of a year ago. Monadelphous ended Tuesday at A$13.80. 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