GMG -1.44%: Reversed lower on Thursday after encountering some profit-taking into new highs. Full-year operating profit matched expectations, although their FY26 outlook felt a touch conservative, but they do like to upgrade.
- Revenue of $2.85bn was in line with the $2.87bn expected.
- EPS of $1.18 vs $1.175 YoY, in line with estimates.
- FY EBITDA of $2.47bn came in just below the $2.50 estimates.
We own GMG for growth and exposure to data centres. We continue to like this view, but the stock looks ready for some consolidation.
MM is long and bullish GMG
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