UK's Accesso Technology adjusted EPS jumps
UK's Accesso Technology adjusted EPS jumps
Overview
UK-based leisure tech provider's H1 revenue was flat, reflecting offset in product mix
Adjusted EPS rose 27% and cash EBITDA increased 50% on cost actions
Company returned $20 mln to shareholders via tender offer in March
Outlook
Accesso expects FY26 revenue of about $146 mln and Cash EBITDA of about $20 mln
Company says full-year performance remains weighted toward H2 due to seasonality
Accesso notes some FY26 revenue depends on Middle East project milestone deliveries
Result Drivers
PRODUCT MIX SHIFT - Growth in ticketing and distribution revenue offset by sharp decline in guest experience revenue due to virtual queuing contract changes
COST EFFICIENCY - Cash EBITDA rose due to cost actions and a 6.1% reduction in underlying administrative expenditure
Company press release: ID:nRSO7118Ua
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| $67.8 mln |
|
H1 Gross Profit |
| $52.8 mln |
|
H1 Pretax Profit |
| $300,000 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Accesso Technology Group PLC is GBp525.00, about 71% above its September 14 closing price of GBp307.00
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Sept 14 - UK government hosts meeting with business leaders to discuss growth
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)