Worley Parsons (WOR) $10.18

Worley Parsons (WOR) -10.86%: it seems the market had gotten used to post COVID upgrades so today’s downgrade from Worley came as a bit of a surprise. The Company said that accelerating cases in the back half of last year had dampened demand as projects get kicked down the road, and as a result expects EBTIDA at the half year to the tune of $200-210m, down from $366m for the same period last year. The outlook is improving and the company expects the second half to beat the first half with cost saving measures now in place combined with an improving economic set up. Hard to get excited here pon a company that promises a lot more than it traditionally delivers. We prefer others in the space.

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Worley Parsons (WOR)

LAST UPDATED 02/02/2021 16:19

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Worley Parsons (WOR)

LAST UPDATED 02/02/2021 16:19