REA Bears Smell Potential for Beat on Costs -- Market Talk

Dow Jones
2025/07/21

0413 GMT - REA Group's bears at Jarden see potential for the Australian real-estate advertiser's annual costs to be lower than anticipated. They point out that listing volumes have been tracking toward the lower end of the News Corp-controlled company's guidance range, which raises the possibility of a slightly better-than-expected cost outcome. For the just-ended fiscal year, they currently expect 12% growth in costs to A$705 million, which compares with an average analyst forecast of A$703 million. Jarden raises its target price by 2.9% to A$216.00 and stays underweight on the stock, which is down 0.5% at A$238.76. News Corp is the parent company of Dow Jones & Co., publisher of The Wall Street Journal and Dow Jones Newswires. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 21, 2025 00:13 ET (04:13 GMT)

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