BUZZ-Australia's Duratec falls; Bell Potter cuts annual forecasts on downbeat outlook

Reuters

May 26, 2025

** Shares of Duratec down 1.4% at A$1.45

** The construction firm on Friday slashed its FY25 revenue, EBITDA forecasts due to delays in expected project awards, weather disruptions

** Bell Potter cuts adjusted EPS forecasts by 6.4%, 5.3% and 4.9% for fiscals 2025, 2026 and 2027, respectively

** Brokerage reduces target price to A$1.8 from A$1.95, retains "buy" rating

** Bell Potter says delay in contracts is unhelpful for Duratec in the short term

** However, brokerage is positive that co remains well-placed to grow in attractive niches, where it brings technical expertise, and is able to earn strong margins

** Stock down 2% YTD, including current session's moves

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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Bell Potter cuts annual forecasts on downbeat outlook</title></head><body><p>** Shares of Duratec down 1.4% at A$1.45 </p><p>** The construction firm on <span>Friday</span> slashed its FY25 revenue, EBITDA forecasts due to delays in expected project awards, weather disruptions</p><p>** Bell Potter cuts adjusted EPS forecasts by 6.4%, 5.3% and 4.9% for fiscals 2025, 2026 and 2027, respectively</p><p>** Brokerage reduces target price to A$1.8 from A$1.95, retains \"buy\" rating</p><p>** Bell Potter says delay in contracts is unhelpful for Duratec in the short term</p><p>** However, brokerage is positive that co remains well-placed to grow in attractive niches, where it brings technical expertise, and is able to earn strong margins</p><p>** Stock down 2% YTD, including current session's moves</p><p> (Reporting by Nikita Maria Jino in Bengaluru)</p><p> ((Nikita.Jino@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DUR.AU","symbol_name":"DURATEC LTD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250526:nL6N3RY00L:1","article_id":"2538141488","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538141488","pubTimestamp":1748219046,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Duratec falls; 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