CSL -4.58%: The stock was hit today as guidance for the year ahead came in lower than expected by ~4%.
- Adjusted FY24 NPAT of US$2,907m was inline with consensus of US$2,925m
- They announced a final dividend of US$1.45
- Guidance was the issue for the market, with profit guidance of $3.20bn-US$3.3bn, up 10-13% on FY24 on a constant currency basis.
- At the mid-point, that’s a 4% miss to consensus of US$3.379bn
Softer profit guidance implies weaker margins which has been an area of concern. The share price reaction is ‘about right’ for this guidance. We’ll cover CSL in more detail tomorrow morning.
MM remains bullish & long CSL
Add To Hit List
