Healius May Not Get the Strong 4Q It Needs -- Market Talk

Dow Jones04-04
 

2140 GMT - Pathology services provider Healius is banking on a strong 4Q to achieve its earnings guidance, but Jefferies is skeptical it can get there. In a note, analyst David Stanton says Healius's Ebit is likely to total around A$67 million in FY 2024, below guidance of A$70 million-A$80 million. "We continue to note a subdued environment for Australian Healthcare Services, with an ongoing low GP bulk-billing rate," he says. Despite the likely earnings miss, Healius's base pathology Ebit margin is likely to have expanded in 2H by some 490 basis points versus 1H, says Jefferies, which rates the stock at underperform. (david.winning@wsj.com; @dwinningWSJ)

 

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April 03, 2024 17:40 ET (21:40 GMT)

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