The sale of the Domain business to CoStar drives a 21% reduction to the fiscal year 2026 earnings per share estimate and a 16% reduction to the fiscal year 2027 earnings per share estimate for Nine Entertainment Co. Holdings (ASX:NEC), Jarden said in a note on Wednesday.
Excluding Domain, the investment firm lowered its fiscal year 2026 earnings before interest, taxes, depreciation, and amortization estimate by 6% to AU$317 million.
The investment firm retained its overweight rating for Nine Entertainment and upped the price target to AU$1.85 per share from AU$1.80 per share.