0001 GMT - Orora's earnings guidance is likely to trigger more downgrades to market forecasts, reckons Jefferies. Orora signaled 2H EBIT would be in line with a year earlier, which implies a 9% miss to consensus hopes, analyst Henry Copley says. That view appears to be reflected in Orora's stock falling 3.9% to A$2.25 today. The share-price decline is despite Orora's 1H net profit exceeding expectations on lower net interest costs and tax. Jefferies has a buy call and A$3.00 price target on Orora. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 12, 2025 19:01 ET (00:01 GMT)
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