0149 GMT - Seek's first-half result is potentially higher quality than anticipated by the market even though earnings are slightly lower than the average analyst forecast, E&P analyst Entcho Raykovski says. The Australian job advertiser's December-half Ebitda of A$233.9 million compares with an average forecast of A$231.2 million, although it is in line with Raykovski's forecast. He writes in a note that the company's updated Ebitda guidance is in line with expectations despite some shift in spending from capital expenditure to operating expenses. With yield growth guidance upgraded, Raykovski sees reasons to be positive on the quality of the result. E&P has a last-published positive rating and A$28.30 target price on the stock, which is flat at A$24.23. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 17, 2025 20:49 ET (01:49 GMT)
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