Goodman's Lack of Earnings Upgrade 'Largely Timing Related' -- Market Talk

Dow Jones02-20 06:13

2113 GMT - Goodman's decision not to upgrade its guidance is likely a timing issue, says Jefferies. Goodman continues to expect 9% growth in operating EPS in FY 2026. Analyst Andrew Dodds views leasing at Goodman's North American and European data center projects as a potential catalyst in 2H. Goodman could also bring in a new capital/operating partner at its LAX01 data center. "FY 2026 guidance now reflects a more balanced 1H/2H skew, which should give the market a bit more comfort," Jefferies says. Goodman's shares fell 4% to A$29.82 on Thursday, reflecting disappointment at the lack of an earnings upgrade. Jefferies notes the stock now trades on a price-to-earnings multiple of 24x. It retains a buy call on Goodman, saying this multiple "doesn't reflect the growth outlook and capital position." (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 19, 2026 17:13 ET (22:13 GMT)

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Goodman could also bring in a new capital/operating partner at its LAX01 data center. \"FY 2026 guidance now reflects a more balanced 1H/2H skew, which should give the market a bit more comfort,\" Jefferies says. Goodman's shares fell 4% to A$29.82 on Thursday, reflecting disappointment at the lack of an earnings upgrade. Jefferies notes the stock now trades on a price-to-earnings multiple of 24x. 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Goodman continues to expect 9% growth in operating EPS in FY 2026. Analyst Andrew Dodds views leasing at Goodman's <a href=\"https://laohu8.com/S/FNCSF\">North American</a> and European data center projects as a potential catalyst in 2H. Goodman could also bring in a new capital/operating partner at its LAX01 data center. \"FY 2026 guidance now reflects a more balanced 1H/2H skew, which should give the market a bit more comfort,\" Jefferies says. Goodman's shares fell 4% to A$29.82 on Thursday, reflecting disappointment at the lack of an earnings upgrade. Jefferies notes the stock now trades on a price-to-earnings multiple of 24x. It retains a buy call on Goodman, saying this multiple \"doesn't reflect the growth outlook and capital position.\" (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2026 17:13 ET (22:13 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GMG.AU","symbol_name":"GOODMAN GROUP","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612236206","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612236206","pubTimestamp":1771539180,"columns":[],"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":"2113 GMT - Goodman's decision not to upgrade its guidance is likely a timing issue, says Jefferies. 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