Drivers of Elders's Earnings Miss May Be Transient -- Market Talk

Dow Jones04-10

2325 GMT [Dow Jones]--There's an argument to be made that the drivers of Elders's 1H earnings miss won't repeat, says UBS. In a note, analyst Evan Karatzas points out that cattle auction values have recovered from record lows, while agricultural chemical margins should normalize in time. Elders is now trading at 11x enterprise value-to-Ebit, which UBS thinks is undemanding and below the long-term average. "We caution that the information provided at the trading update does make it difficult to confirm the earnings weakness was in fact driven by one-off factors," UBS says. "To increase our conviction we will be looking for additional clarity at the Elders 1H result on May 20." (david.winning@wsj.com)

(END) Dow Jones Newswires

April 09, 2024 19:37 ET (23:37 GMT)

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In a note, analyst Evan Karatzas points out that cattle auction values have ...</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":"ELD.AU","symbol_name":"ELDERS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2426176018","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426176018","pubTimestamp":1712705820,"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":"2325 GMT [Dow Jones]--There's an argument to be made that the drivers of Elders's 1H earnings miss won't repeat, says UBS. 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