2324 GMT - IVE Group's investor day next week could come with an earnings upgrade, says Bell Potter. IVE expects its FY 2025 underlying net profit to total A$47 million-A$50 million. Analyst Chris Savage thinks an earnings upgrade will happen because IVE didn't change its guidance in February when reporting its 1H result. Bell Potter also notes FY 2025 is nearly finished. "The key reason why we believe the company will upgrade is the current guidance implies a much lower underlying net profit result in 2H relative to 1H," the bank says. IVE reported a 1H underlying net profit of A$29.3 million, so it only needs to beat A$20.7 million in 2H to clear the top end of its guidance. Bell Potter has a "buy" call on IVE. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 11, 2025 19:24 ET (23:24 GMT)
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