0454 GMT - Seek's trading update suggests that the Australian job advertiser could beat consensus expectations for its full-year profit, UBS analysts say. Seek expects fiscal 2025 adjusted net profit to land in the top half of its previously announced guidance range. The UBS analysts write in a note to clients that the midpoint of the top half of the range is A$153.75 million, which they say is about 2% above the average analyst forecast. It's also in-line with UBS's A$154 million forecast. They add that interest-rate cuts are improving Seek's operating outlook, while product releases and accelerating AI use are improving yield. UBS has a buy rating and A$30.10 target price on the stock, which is down 0.2% at A$23.64. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 22, 2025 00:54 ET (04:54 GMT)
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