Australia's Charter Hall rises after earnings forecast upgrade

Charter Hall

25/05/2026 04:52

Updates

** Charter Hall CHC.AX rises as much as 6.5% to A$20.59, its highest level since April 22

** Stock books its largest intraday pct gain since February 19

** The property investment and funds management co upgrades FY26 operating earnings per security (OEPS) estimate by 3%

** Now expects 103 AU cents per security, up from 100 AU cents per security previously seen and 26.5% higher than FY25's 81.4 AU cents

** Both Citi and UBS note this is the company's third FY26 earnings upgrade since issuing initial outlook last August

** Typically CHC has been conservative in issuing guidance, potentially meaning there may be more upside to CHC's FY26 EPS guidance - Citi

** UBS expects consensus EPS upgrades for FY27 guidance, which currently represents a 9% growth to revised FY26 forecast that brokerage calls "too low"

** Stock down 16.9% this year, including the day's move

 (Reporting by Sherin Sunny and Nikita Maria Jino in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))