Computershare Bull Sees Upside Risk to EPS Guidance -- Market Talk

Dow Jones11-15

2325 GMT - Computershare could beat its annual earnings-per-share guidance due to favorable trends across its issuer-services, employee share-plan, and corporate trust businesses, Goldman Sachs analysts say. They tell clients in a note that, while the share-registry provider did not mention its corporate trust business in its recent trading update, external data suggests that Computershare is holding onto its market share in U.S. debt issuance. The company has also reiterated its full-year margin-income guidance despite central banks globally having started lowering rates. Goldman Sachs lifts its target price 3.3% to A$31.00 and keeps a buy rating on the stock. Shares are up 1.5% at A$30.02. (stuart.condie@wsj.com)

 

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November 14, 2024 18:26 ET (23:26 GMT)

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