Catapult's Cost Control, Margins Keep Bull Happy -- Market Talk

Dow Jones11-15

2239 GMT - Catapult's improving margins and better-than-expected cost control keeps Jefferies analysts bullish on the sports-tech provider. They trim their annual revenue forecast by about 1% to US$116 million to reflect a stronger-than-normal skew toward the just-completed fiscal first half, but this is offset by the prospect of a stronger Ebitda margin. They tell clients in a note that Catapult's cost management supports an Ebitda margin forecast of 13% for fiscal 2025, up from 12% previously. They see Catapult's recent deal with England's national rugby body as evidence that it is displacing incumbent providers. Jefferies lifts its target price 38% to A$3.30 and keeps a buy rating on the stock. Shares are at A$2.87 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 14, 2024 17:39 ET (22:39 GMT)

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They see Catapult's recent deal with England's national rugby body as evidence that it is displacing incumbent providers. Jefferies lifts its target price 38% to A$3.30 and keeps a buy rating on the stock. Shares are at A$2.87 ahead of the open. 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They trim their annual revenue forecast by about 1% to US$...</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":"BK4149","symbol_name":"建筑机械与重型卡车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483597993","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483597993","pubTimestamp":1731623940,"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":"2239 GMT - Catapult's improving margins and better-than-expected cost control keeps Jefferies analysts bullish on the sports-tech provider. They trim their annual revenue forecast by about 1% to US$116 million to reflect a stronger-than-normal skew toward the just-completed fiscal first half, but this is offset by the prospect of a stronger Ebitda margin. They tell clients in a note that Catapult's cost management supports an Ebitda margin forecast of 13% for fiscal 2025, up from 12% previously. They see Catapult's recent deal with England's national rugby body as evidence that it is displacing incumbent providers. Jefferies lifts its target price 38% to A$3.30 and keeps a buy rating on the stock. Shares are at A$2.87 ahead of the open. 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