Elders Poised for Lowest Close Since October 2023 -- Market Talk

Dow Jones

05/18

0057 GMT - Rural services specialist Elders's share price tumbles 22% to its lowest level since October 2023 following its 1H result. Citi says 1H revenue of A$1.77 billion was ahead of expectations, but Ebit of A$77 million was a 7% miss to consensus forecasts. Citi says corporate costs were higher than expected, including a rise in IT costs that will persist into 2027. Elders's stock recently traded at A$5.61. Ahead of the result, Citi had a buy call and A$8.45/share price target. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 17, 2026 20:57 ET (00:57 GMT)

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Citi says 1H revenue of A$1.77 billion was ahead of expectations, but Ebit of A$77 million was a 7% miss to consensus forecasts. Citi says corporate costs were higher than expected, including a rise in IT costs that will persist into 2027. Elders's stock recently traded at A$5.61. Ahead of the result, Citi had a buy call and A$8.45/share price target. 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