Harvey Norman May Benefit From Resilient Electrical Retailing -- Market Talk

Dow Jones

Jan 22, 2025

2353 GMT - Resilience in Australian home-electrical retailing could help Harvey Norman could beat first-half earnings expectations, Citi analysts reckon. Opening a 90-day upside catalyst watch on the stock, they write in a note that while they understand that clothing and footwear retailers had to sacrifice margin to generate sales, they have not heard of similar concerns in other categories. They anticipate A$192.1 million in first-half Ebit from Australian franchisees, which is about 4% higher than the average analyst forecast. They support this view with an increased fiscal 2025 forecast for household spending capacity. Citi trims its target price on the stock by 5.5% but maintains a buy rating. Shares are up 1.5% at A$4.83. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

January 21, 2025 18:53 ET (23:53 GMT)

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Opening a 90-day upside catalyst watch on the stock, they write in a note that while they understand that clothing and footwear retailers had to sacrifice margin to generate sales, they have not heard of similar concerns in other categories. They anticipate A$192.1 million in first-half Ebit from Australian franchisees, which is about 4% higher than the average analyst forecast. They support this view with an increased fiscal 2025 forecast for household spending capacity. Citi trims its target price on the stock by 5.5% but maintains a buy rating. Shares are up 1.5% at A$4.83. 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Opening a 90-day upside catalyst watch on the stock, they write in a note that while they understand that clothing and footwear retailers had to sacrifice margin to generate sales, they have not heard of similar concerns in other categories. They anticipate A$192.1 million in first-half Ebit from Australian franchisees, which is about 4% higher than the average analyst forecast. They support this view with an increased fiscal 2025 forecast for household spending capacity. Citi trims its target price on the stock by 5.5% but maintains a buy rating. Shares are up 1.5% at A$4.83. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 21, 2025 18:53 ET (23:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HVN.AU","symbol_name":"HARVEY NORMAN HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2505348227","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2505348227","pubTimestamp":1737503580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2353 GMT - Resilience in Australian home-electrical retailing could help Harvey Norman could beat first-half earnings expectations, Citi analysts reckon. Opening a 90-day upside catalyst watch on the stock, they write in a note that while they understand that clothing and footwear retailers had to sacrifice margin to generate sales, they have not heard of similar concerns in other categories. They anticipate A$192.1 million in first-half Ebit from Australian franchisees, which is about 4% higher than the average analyst forecast. They support this view with an increased fiscal 2025 forecast for household spending capacity. Citi trims its target price on the stock by 5.5% but maintains a buy rating. Shares are up 1.5% at A$4.83. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HVN.AU":"HARVEY NORMAN HOLDINGS LTD","BK7153":"综合零售","BK7041":"综合货品商店"},"translate_title":"哈维·诺曼可能会从有弹性的电气零售中受益——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HVN.AU":0.9},"content_text":"2353 GMT - Resilience in Australian home-electrical retailing could help Harvey Norman could beat first-half earnings expectations, Citi analysts reckon. Opening a 90-day upside catalyst watch on the stock, they write in a note that while they understand that clothing and footwear retailers had to sacrifice margin to generate sales, they have not heard of similar concerns in other categories. They anticipate A$192.1 million in first-half Ebit from Australian franchisees, which is about 4% higher than the average analyst forecast. They support this view with an increased fiscal 2025 forecast for household spending capacity. Citi trims its target price on the stock by 5.5% but maintains a buy rating. Shares are up 1.5% at A$4.83. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 21, 2025 18:53 ET (23:53 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}