0022 GMT - Jarden thought Propel Funeral Partners could miss consensus earnings expectations, but not by this much. Propel Funeral Partners signaled FY 2026 operating Ebitda of A$54.5 million-A$56.5 million. That compares with A$56.2 million in FY 2025. Jarden says the guidance implies 2H Ebitda is some 14% below consensus hopes at the midpoint. Still, the bad news was blunted somewhat by some new M&A. "Today's update lowers our conviction in PFP's future like-for-like volume outlook, which over the last ten years has averaged -0.5% per annum versus industry +1.7% per annum," analyst Aryan Norozi. Jarden retains an overweight call, but trims its price target by 15% to A$4.25/share. Propel Funeral Partners falls 5.0% to A$3.21 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 04, 2026 20:22 ET (00:22 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.