Jefferies trims earnings outlook for Australia's ARB Corp as sales growth lags

ARB

22/10/2025 24:04

** Jefferies lowers earnings outlook for Australia's ARB Corporation ARB.AX, noting soft margin commentary and sales growth below analysts' estimates

** Notes motor-vehicle accessories maker's Q1 FY26 group sales grew 3.8%, below Jefferies' estimate of 7%; Australia aftermarket sales rose 1%, missing brokerage's 4% forecast

** ARB said on October 16 that foreign exchange headwinds continue to impact margins

** Brokerage lowers FY26, FY27, FY28 EPS forecast for co by 2%, 6% and 4% respectively

** Cuts PT to A$42.00 from A$44.00

** YTD, stock down 10.7%

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))