NRW Holdings First Half of Fiscal Year 2026 Expected to be Top End of Guidance, Says Euroz Hartleys
MT Newswires Live
Dec 01
NRW Holdings (ASX:NWH) first half of fiscal year 2026 numbers should be trending to the top-end of the guidance range, positioning it "positively" for the balance of the year, according to a Friday Euroz Hartleys note.
The company on Thursday raised its revenue guidance for fiscal year 2026 to about AU$4.1 billion. The company had expected over AU$4 billion in revenue, an earlier filing showed.
The research firm noted that the guidance upgrade has been driven by positive operating conditions across multiple segments, including mining operations in Queensland and tendering activities in Fredon.
Euroz Hartleys maintained a buy rating on NRW Holdings and increased its price target to AU$6 from AU$5.34.
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