Fletcher Building Earnings Recovery May Be in Sight -- Market Talk

Dow Jones

Feb 20, 2025

0031 GMT - There's light at the end of a long tunnel for Fletcher Building, but Forsyth Barr isn't turning bullish on the stock. "Interest rates are being cut and forward indicators are improving, suggesting the downturn may be nearing an end," analyst Rohan Koreman-Smit says. Still, the pace of recovery remains a key question. Forsyth Barr points to market expectations for EBIT to rise by some 50% by FY 2027, noting the earnings rebound following the Global Financial Crisis was slower. Some sectors, such as non-residential construction, which accounts for around 25% of Fletcher's demand, may not have yet bottomed. "On the positive side, new management is taking action on costs and the upcoming June strategic review could unlock value," it says and retains a neutral call on the stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 19, 2025 19:31 ET (00:31 GMT)

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Still, the pace of recovery remains a key question. Forsyth Barr points to market expectations for EBIT to rise by some 50% by FY 2027, noting the earnings rebound following the Global Financial Crisis was slower. Some sectors, such as non-residential construction, which accounts for around 25% of Fletcher's demand, may not have yet bottomed. \"On the positive side, new management is taking action on costs and the upcoming June strategic review could unlock value,\" it says and retains a neutral call on the stock. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 19:31 ET (00:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fletcher Building Earnings Recovery May Be in Sight -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFletcher Building Earnings Recovery May Be in Sight -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-20 08:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0031 GMT - There's light at the end of a long tunnel for Fletcher Building, but Forsyth Barr isn't turning bullish on the stock. \"Interest rates are being cut and forward indicators are improving, suggesting the downturn may be nearing an end,\" analyst Rohan Koreman-Smit says. Still, the pace of recovery remains a key question. Forsyth Barr points to market expectations for EBIT to rise by some 50% by FY 2027, noting the earnings rebound following the Global Financial Crisis was slower. Some sectors, such as non-residential construction, which accounts for around 25% of Fletcher's demand, may not have yet bottomed. \"On the positive side, new management is taking action on costs and the upcoming June strategic review could unlock value,\" it says and retains a neutral call on the stock. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 19:31 ET (00:31 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":"FCREY","symbol_name":"Fletcher Building Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512454733","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512454733","pubTimestamp":1740011460,"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":"0031 GMT - There's light at the end of a long tunnel for Fletcher Building, but Forsyth Barr isn't turning bullish on the stock. \"Interest rates are being cut and forward indicators are improving, suggesting the downturn may be nearing an end,\" analyst Rohan Koreman-Smit says. Still, the pace of recovery remains a key question. Forsyth Barr points to market expectations for EBIT to rise by some 50% by FY 2027, noting the earnings rebound following the Global Financial Crisis was slower. Some sectors, such as non-residential construction, which accounts for around 25% of Fletcher's demand, may not have yet bottomed. \"On the positive side, new management is taking action on costs and the upcoming June strategic review could unlock value,\" it says and retains a neutral call on the stock. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"FCREY":"Fletcher Building Ltd.","FBU.AU":"FLETCHER BUILDING LTD"},"translate_title":"弗莱彻大厦盈利复苏可能在望——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FCREY":0.9,"FBU.AU":0.9},"content_text":"0031 GMT - There's light at the end of a long tunnel for Fletcher Building, but Forsyth Barr isn't turning bullish on the stock. \"Interest rates are being cut and forward indicators are improving, suggesting the downturn may be nearing an end,\" analyst Rohan Koreman-Smit says. Still, the pace of recovery remains a key question. Forsyth Barr points to market expectations for EBIT to rise by some 50% by FY 2027, noting the earnings rebound following the Global Financial Crisis was slower. Some sectors, such as non-residential construction, which accounts for around 25% of Fletcher's demand, may not have yet bottomed. \"On the positive side, new management is taking action on costs and the upcoming June strategic review could unlock value,\" it says and retains a neutral call on the stock. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 19:31 ET (00:31 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":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}