Speed of Bravura's Guidance Upgrades Should Please -- Market Talk

Dow Jones02-11

2242 GMT - Bravura Solutions' latest guidance upgrade should be well received by investors given how swiftly it follows the last, E&P analyst Olivier Coulon says. He tells clients in a note that he expects the Australian software developer's shares to outperform even though its first-half underlying profit fell short of forecasts. Coulon points out that the improved earnings guidance range is 12% higher at the midpoint than that issued by the company only in December. The latest upgrade appears to be at least partly revenue led, he adds. E&P has a positive rating and A$2.21 target price on the stock, which is at A$2.31 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

February 11, 2025 17:42 ET (22:42 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment