0023 GMT - James Hardie Industries's last three quarterly results have been accompanied by elevated volatility in its share price. Morgan Stanley expects more of the same when the building materials supplier reports its 4Q result on May 20. Analyst Joseph Michael expects James Hardie to reset expectations for earnings modestly. However, MS notes that James Hardie's stock is down some 25% from its February high, so this appears to be largely reflected in the share price. MS says FY 2027 guidance, delivery on cost savings and efforts to lower debt are key focus areas. "We lean positive into the result," says MS, which has an overweight call on James Hardie. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 13, 2026 20:23 ET (00:23 GMT)

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