2223 GMT - Pharmacy group Ebos's annual earnings guidance of A$615 million-A$635 million was weaker than expected. It's also entering FY26 with a new CEO. "This coupled with a step-up in depreciation and amortization (A$140 million-A$150 million) and net interest (A$110 million-A$120 million) drives a reset our near-term forecasts," analyst Tom Godfrey says. Ord Minnett cuts its Ebitda forecast by 7%, to A$627 million, with a larger 18% reduction in net profit, to A$267 million. Its price target falls 13%, to A$33.00/share, as a result. Still, Ord Minnett retains an "accumulate" call on Ebos. "Looking ahead, we continue to view Ebos as a quality operator, with consistent growth strategies and a strong capital allocation track record," it says. "This underpins improving EPS growth medium term." (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
September 08, 2025 18:23 ET (22:23 GMT)
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