Pexa Group's (ASX:PXA) fiscal first-half adjusted net profit after tax exceeded expectations with an overall "robust" revenue, according to a Feb. 28 note by Jarden Research.
The company reported Friday that its loss per diluted share in the fiscal first half widened to AU$0.1844 from AU$0.0262 a year earlier and reported a revenue of AU$202.5 million, up from AU$161.8 million last year.
Jarden Research said results were better than the company's estimate, with revenue and divisional operating earnings before interest, tax, depreciation, and amortization margins coming ahead of the consensus estimate.
The investment services firm noted that the launch of a AU$50 million buyback is likely to support the company's stock price.
Jarden Research has a neutral rating and price target of AU$15.30 on Pexa Group.
Pexa Group's shares were up almost 1% in recent Monday trade.
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