SEEK's (ASX:SEK) focus on cost control and its aim to grow yield in the "high single digits" is likely to be well received by the market, according to a Wednesday note by Jarden Research.
The job platform said Wednesday that it expects fiscal year revenue and earnings to land at the upper end of guidance, with earnings before interest, taxes, depreciation, and amortization in the range of AU$440 million to AU$470 million.
The company also said it is aiming for high single-digit growth in yield, saying there are strong opportunities to increase placements and revenue in its core Asia-Pacific markets.
Jarden said that the Seek remains its first pick and has a buy rating and an AU$27.5 price target on the online classifieds firm.
Shares of the company rose past 7% in recent Wednesday trade.
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