Seek Bull Feels Positive on Australian Ad Volumes -- Market Talk

Dow Jones

Jun 23, 2025

0046 GMT - Seek's bull at Bell Potter reckons that the Australian job advertiser's local volumes are tracking ahead of expectations. Analyst Michel Ardrey looks at Seek's May ad-index data and concludes that the company's Australian listings volumes are down by 9.9% on-year for the first 11 months of fiscal 2025. This compares with his prior estimate of an 11% decline. Ardrey rolls back recent moderations to his assumptions related to tariff-driven uncertainty, telling clients in a note that he is lifting his EPS forecasts. Bell Potter lifts its target price by 10% to A$28.40 and keeps a buy rating on the stock, which is down 1.0% at A$23.745. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 22, 2025 20:46 ET (00:46 GMT)

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Analyst Michel Ardrey looks at Seek's May ad-index data and concludes that the company's Australian listings volumes are down by 9.9% on-year for the first 11 months of fiscal 2025. This compares with his prior estimate of an 11% decline. Ardrey rolls back recent moderations to his assumptions related to tariff-driven uncertainty, telling clients in a note that he is lifting his EPS forecasts. Bell Potter lifts its target price by 10% to A$28.40 and keeps a buy rating on the stock, which is down 1.0% at A$23.745. 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Analyst Michel Ardrey looks at Seek's May ad-index data and concludes that the company's Australian listings volumes are down by 9.9% on-year for the first 11 months of fiscal 2025. This compares with his prior estimate of an 11% decline. Ardrey rolls back recent moderations to his assumptions related to tariff-driven uncertainty, telling clients in a note that he is lifting his EPS forecasts. Bell Potter lifts its target price by 10% to A$28.40 and keeps a buy rating on the stock, which is down 1.0% at A$23.745. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 22, 2025 20:46 ET (00:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7002","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2545454328","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545454328","pubTimestamp":1750639560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0046 GMT - Seek's bull at Bell Potter reckons that the Australian job advertiser's local volumes are tracking ahead of expectations. Analyst Michel Ardrey looks at Seek's May ad-index data and concludes that the company's Australian listings volumes are down by 9.9% on-year for the first 11 months of fiscal 2025. This compares with his prior estimate of an 11% decline. Ardrey rolls back recent moderations to his assumptions related to tariff-driven uncertainty, telling clients in a note that he is lifting his EPS forecasts. Bell Potter lifts its target price by 10% to A$28.40 and keeps a buy rating on the stock, which is down 1.0% at A$23.745. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7002":"互动媒体与服务","SEK.AU":"SEEK LTD"},"translate_title":"Seek Bull对澳大利亚广告量持乐观态度——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEK.AU":0.9},"content_text":"0046 GMT - Seek's bull at Bell Potter reckons that the Australian job advertiser's local volumes are tracking ahead of expectations. 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