Temple & Webster Bull Likes Its Sales Acceleration -- Market Talk

Dow Jones

05-07

0022 GMT - Temple & Webster's bull at Citi thinks that the furniture retailer is on course to meet the market's expectations for June-half sales. Analyst Sam Teeger sees an acceleration in on-year sales growth from 16% at the start of the period to 23% for March 1-May 5 as positive, and tells clients in a note that consensus forecasts for 22% on year growth for the full six months are reasonable. Teeger is a little more conservative, and is looking for 20%. The sales momentum is particularly pleasing given that housing market indicators have yet to materially improve, he adds. Citi has a buy rating and A$21.10 target price on the stock, which is down 2.4% at A$16.81. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 06, 2025 20:22 ET (00:22 GMT)

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Analyst Sam Teeger sees an acceleration in on-year sales growth from 16% at the start of the period to 23% for March 1-May 5 as positive, and tells clients in a note that consensus forecasts for 22% on year growth for the full six months are reasonable. Teeger is a little more conservative, and is looking for 20%. The sales momentum is particularly pleasing given that housing market indicators have yet to materially improve, he adds. Citi has a buy rating and A$21.10 target price on the stock, which is down 2.4% at A$16.81. 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Analyst Sam Teeger sees an acceleration in on-year sales growth from 16% at the start of the period to 23% for March 1-May 5 as positive, and tells clients in a note that consensus forecasts for 22% on year growth for the full six months are reasonable. Teeger is a little more conservative, and is looking for 20%. The sales momentum is particularly pleasing given that housing market indicators have yet to materially improve, he adds. Citi has a buy rating and A$21.10 target price on the stock, which is down 2.4% at A$16.81. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WBS":"韦伯斯特金融","TPW.AU":"TEMPLE & WEBSTER GROUP LTD"},"translate_title":"Temple&Webster Bull喜欢其销售加速——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPW.AU":0.9,"WBS":1},"content_text":"0022 GMT - Temple & Webster's bull at Citi thinks that the furniture retailer is on course to meet the market's expectations for June-half sales. Analyst Sam Teeger sees an acceleration in on-year sales growth from 16% at the start of the period to 23% for March 1-May 5 as positive, and tells clients in a note that consensus forecasts for 22% on year growth for the full six months are reasonable. Teeger is a little more conservative, and is looking for 20%. The sales momentum is particularly pleasing given that housing market indicators have yet to materially improve, he adds. Citi has a buy rating and A$21.10 target price on the stock, which is down 2.4% at A$16.81. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 06, 2025 20:22 ET (00:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}