FY20 operating earnings (EBITDA) are expected to be between $157-167m with the first half registering at least $80m. Credit Suisse revises up estimates for earnings per share by 4.4%.
The broker maintains a Neutral rating and raises the target to $12.50 from $11.00, given some pleasing early signs of stabilisation.
Sector: Retailing.
Target price is $12.50.Current Price is $12.88. Difference: ($0.38) – (brackets indicate current price is over target). If WEB meets the Credit Suisse target it will return approximately -3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
