0411 GMT - Job advertiser Seek remains Jarden analysts' top pick among Australian classifieds stocks following an earnings season they say was defined by companies "controlling the controllables." Analysts Tom Beadle and Liam Robertson point to solid performance across the sector, with strong yields and tight operating-expense control. In their view, Seek benefits from its exposure to higher-than-expected volumes, which is the key swing factor in their June-half estimates. They tell clients in a note that employment is typically the most volatile classifieds vertical. Every 1% increase in volume raises their EPS forecast by 3%, they say. Jarden has a buy rating and a A$28.00 target price on the stock. Shares are up 1.7% at A$24.55. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 23:11 ET (04:11 GMT)
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