Harvey Norman Bull Pares Profit View as Consumer Headwinds Stiffen

Dow Jones

07/17

2338 GMT - Bell Potter cuts its earnings forecasts for Australia-listed retailer Harvey Norman as consumer headwinds blow hard. "We see risk in our estimates from FY27 onwards and push through downgrades as we expect challenging trading conditions over the next nine months," analyst Chami Ratnapala says. Bell Potter's FY 2027 and FY 2028 net profit forecasts fall by 7% and 11%, respectively. That drives a 10% reduction in its price target to A$6.00/share. Still, Bell Potter says Harvey Norman continues to trade at a 1-year forward price-to-earnings multiple of 13X. That appears attractive and warrants a buy call on the stock. Harvey Norman ended Thursday at A$4.75. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

July 16, 2026 19:38 ET (23:38 GMT)

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Bell Potter's FY 2027 and FY 2028 net profit forecasts fall by 7% and 11%, respectively. That drives a 10% reduction in its price target to A$6.00/share. Still, Bell Potter says <a href=\"https://laohu8.com/S/HNORY\">Harvey Norman</a> continues to trade at a 1-year forward price-to-earnings multiple of 13X. That appears attractive and warrants a buy call on the stock. <a href=\"https://laohu8.com/S/HVN.AU\">Harvey Norman</a> ended Thursday at A$4.75. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2026 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Harvey Norman Bull Pares Profit View as Consumer Headwinds Stiffen</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHarvey Norman Bull Pares Profit View as Consumer Headwinds Stiffen\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-17 07:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2338 GMT - Bell Potter cuts its earnings forecasts for Australia-listed retailer <a href=\"https://laohu8.com/S/HNORF\">Harvey Norman</a> as consumer headwinds blow hard. \"We see risk in our estimates from FY27 onwards and push through downgrades as we expect challenging trading conditions over the next nine months,\" analyst Chami Ratnapala says. Bell Potter's FY 2027 and FY 2028 net profit forecasts fall by 7% and 11%, respectively. That drives a 10% reduction in its price target to A$6.00/share. Still, Bell Potter says <a href=\"https://laohu8.com/S/HNORY\">Harvey Norman</a> continues to trade at a 1-year forward price-to-earnings multiple of 13X. That appears attractive and warrants a buy call on the stock. <a href=\"https://laohu8.com/S/HVN.AU\">Harvey Norman</a> ended Thursday at A$4.75. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 16, 2026 19:38 ET (23:38 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"BK7041","symbol_name":"综合货品商店","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2652478544","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2652478544","pubTimestamp":1784245080,"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":"2338 GMT - Bell Potter cuts its earnings forecasts for Australia-listed retailer Harvey Norman as consumer headwinds blow hard. \"We see risk in our estimates from FY27 onwards and push through downgrades as we expect challenging trading conditions over the next nine months,\" analyst Chami Ratnapala says. Bell Potter's FY 2027 and FY 2028 net profit forecasts fall by 7% and 11%, respectively. That drives a 10% reduction in its price target to A$6.00/share. Still, Bell Potter says Harvey Norman continues to trade at a 1-year forward price-to-earnings multiple of 13X. That appears attractive and warrants a buy call on the stock. Harvey Norman ended Thursday at A$4.75.  Dow Jones NewswiresJuly 16, 2026 19:38 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7041":"综合货品商店","HVN.AU":"HARVEY NORMAN HOLDINGS LTD","BK7153":"综合零售"},"translate_title":"随着消费者逆风加剧，哈维·诺曼·布尔 (Harvey Norman Bull) 调整利润前景","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVN.AU":0.9},"content_text":"2338 GMT - Bell Potter cuts its earnings forecasts for Australia-listed retailer Harvey Norman as consumer headwinds blow hard. \"We see risk in our estimates from FY27 onwards and push through downgrades as we expect challenging trading conditions over the next nine months,\" analyst Chami Ratnapala says. Bell Potter's FY 2027 and FY 2028 net profit forecasts fall by 7% and 11%, respectively. That drives a 10% reduction in its price target to A$6.00/share. Still, Bell Potter says Harvey Norman continues to trade at a 1-year forward price-to-earnings multiple of 13X. That appears attractive and warrants a buy call on the stock. Harvey Norman ended Thursday at A$4.75. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 16, 2026 19:38 ET (23:38 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}