Temple & Webster Keeps Bull Despite Slowing Growth -- Market Talk

Dow Jones

2024/10/29

0346 GMT - Temple & Webster keeps its bull at Macquarie despite what looks like a slowdown in sales growth at the Australian furniture retailer. The investment bank's analysts tell clients in a note that on-year sales growth appears to have slowed to 18% from 26% at the start of its fiscal year. They lower their forecast for 1H sales growth to 21% from 26%, but point out that the Black Friday and Christmas period is yet to come and likely to prove a significant contributor. The analysts cut their near-term EPS forecasts but roll forward their valuation, driving a 5.0% lift to their target price to A$13.55. Macquarie keeps an outperform rating on the stock, which is down 1.0% at A$12.32. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

October 28, 2024 23:46 ET (03:46 GMT)

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The investment bank's analysts tell clients in a note that on-year sales growth appears to have slowed to 18% from 26% at the start of its fiscal year. They lower their forecast for 1H sales growth to 21% from 26%, but point out that the Black Friday and Christmas period is yet to come and likely to prove a significant contributor. The analysts cut their near-term EPS forecasts but roll forward their valuation, driving a 5.0% lift to their target price to A$13.55. Macquarie keeps an outperform rating on the stock, which is down 1.0% at A$12.32. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 28, 2024 23:46 ET (03:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPW.AU","symbol_name":"TEMPLE & WEBSTER GROUP LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479841103","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479841103","pubTimestamp":1730173560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0346 GMT - Temple & Webster keeps its bull at Macquarie despite what looks like a slowdown in sales growth at the Australian furniture retailer. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TPW.AU":"TEMPLE & WEBSTER GROUP LTD","WBS":"韦伯斯特金融"},"translate_title":"尽管增长放缓，Temple&Webster仍保持牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBS":1,"TPW.AU":0.9},"content_text":"0346 GMT - Temple & Webster keeps its bull at Macquarie despite what looks like a slowdown in sales growth at the Australian furniture retailer. The investment bank's analysts tell clients in a note that on-year sales growth appears to have slowed to 18% from 26% at the start of its fiscal year. They lower their forecast for 1H sales growth to 21% from 26%, but point out that the Black Friday and Christmas period is yet to come and likely to prove a significant contributor. The analysts cut their near-term EPS forecasts but roll forward their valuation, driving a 5.0% lift to their target price to A$13.55. 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