Goodman's New Bull Sees Profit Upgrade on Cards -- Market Talk

Dow Jones12-04

2307 GMT - Goodman's newest bull sees the industrial property owner upgrading its earnings guidance in February. Goodman stuck with a forecast for 9% operating EPS growth in FY 2026 when updating shareholders on its 1Q performance last month. Jefferies, however, expects Goodman to lift it to 10% growth when announcing its 1H result. This would be in line with consensus expectations, analyst Andrew Dodds says. "Whilst the 1Q FY26 update did appear operationally weak, we expect a very strong remainder of FY26 underpinned by a material step change in development commencements and WIP," Jefferies says. It starts coverage of Goodman at buy with a A$36.11/share price target. Goodman ended Wednesday at A$30.17. (david.winning@wsj.com; @dwinningWSJ)

 

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December 03, 2025 18:08 ET (23:08 GMT)

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