2246 GMT - Barrenjoey thinks the market is wrong to assume that Ramsay Health Care's business in France will experience another drop in earnings in the three months through June. Analyst Saul Hadassin notes his FY 2025 revenue forecast for Ramsay Santé is 3% above consensus expectations, while his Ebit estimate is some 23% higher. That reflects a sequential improvement in Ramsay Santé's earnings in the June quarter versus the prior three months, which is driven by the company receiving a full quarter of CICE relief and some seasonal benefits. "Our analysis suggests that consensus is factoring in a sequential decline in earnings in the June quarter, which in our view appears unlikely," Barrenjoey says. It retains a neutral call on Ramsay Health Care. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 25, 2025 18:46 ET (22:46 GMT)
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