Elders
Thank you for your great commentary. I have watched Elders share price fall recently and wanted your commentary as to whether this will recover or time to shed (general Advice only of course).
The Latest Q&A
Answer
Hi John,
Elders ELD profit missed expectations on Monday which saw the stock sold off around 8%:
- Underlying profit of $64mn was down 38% YoY and below consensus estimates of $67mn.
- Revenue came in at $3.13bn, down 5.7% YoY.
- Subsequent downgrades to EPS estimates for FY have been around 3.5%.
On the surface the sell-off appears a touch aggressive but ELD has endured a tough few years and investor confidence is thin on the ground.
- We are neutral ELD and see no reason to buy ELD into 1Q of 2025.
