0402 GMT - Catapult Group International's slight miss on annualized contract value isn't large enough to upset Bell Potter analyst Chris Savage. The sports-technology provider's full-year ACV--a leading indicator of revenue--fell almost 2% short of Savage's forecast, but this was partly due to currency moves, he says. Catapult's full-year result beat Savage's other forecasts, with statutory Ebitda coming in 8% stronger than he had anticipated. Savage raises his Ebitda forecasts on improved margin expectations, and increases his target price on the stock by 14% to A$5.00. Bell Potter maintains a hold rating. Shares are up 7.4% at A$5.25. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 00:02 ET (04:02 GMT)
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