Catapult Unlikely to Offer Specific FY Guidance -- Market Talk

Dow Jones10-28

0359 GMT - Catapult's bull at Bell Potter thinks the sports-tech company is likely to reiterate its annual outlook when it announces 1H results rather than offer any specific guidance. Analyst Chris Savage expects next month's result to demonstrate good operating leverage. He forecasts a 54% rise in Ebitda off a 14% lift in revenue, with free cash flow rising 28% on year. He expects annualized contract value, a key leading indicator of revenue, to rise 16%, and sees risks tilted to the upside. The only aspect of Catapult's outlook that he thinks could be clarified is the pace of ACV growth. Bell Potter lifts its target price 4.7% to A$2.88 and keeps a buy rating on the stock, which is down 3.9% at A$2.45.(stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 27, 2024 23:59 ET (03:59 GMT)

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