Australia's GUD Holdings fall as annual earnings miss forecast

Amotiv

15/08/2022 04:48

** Shares of GUD Holdings  GUD.AX  fall up to 1.6% to A$8.9
    ** The automotive part marker reported full-year underlying
NPAT of A$88.9 mln ($63.12 mln), a growth of 39% but missed
Citi's estimate of A$91 mln  urn:newsml:reuters.com:*:nFWN2ZO6GI
    ** Co's final dividend of 22 Australian cents per share was
below Citi estimate of 25 Australian cents per share
    ** Don't expect the stock to do much today given GUD largely
pre-reported its earnings mid-June - Citi
    ** Citi says it will focus on how quickly AutoPacific's,
which GUD acquired in end of first half, earnings can recover 
    ** Five of seven analysts rate the stock "buy" or higher,
two "hold"; their median PT is A$12.5– Refinitiv Eikon data 
    ** Stock is down 20.8% this year, as of last close 
    



($1 = 1.4085 Australian dollars)

 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))