Credit Corp Group's Fiscal H1 Net Profit Misses Expectations, Jefferies Says

MT Newswires Live

Feb 04

Credit Corp Group's (ASX:CCP) fiscal first-half net profit after tax of AU$44.1 million missed expectations due to higher-than-expected loan growth, according to a Tuesday report by Jefferies.

On Tuesday, the company reported fiscal first-half earnings of AU$0.641 per share, unchanged from a year earlier.

It also said it expects all elements of its initial fiscal 2026 guidance to remain unchanged, and reaffirmed basic earnings per share of AU$1.47 to AU$1.62 and after-tax net profit of AU$100 million to AU$110 million.

Jefferies said it has a "high degree" of confidence that the company will achieve its guidance and that the drop in share price is an "overreaction."

The investment firm maintained Credit Corp's buy rating but lowered its price target to AU$17 from AU$19.65.

Shares of Credit Corp Group fell nearly 2% in recent Wednesday trade.

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