Australia's Endeavour slips after Morningstar lowers EPS estimate
BUZZ-Australia's Endeavour slips after Morningstar lowers EPS estimate Updates
** Shares of Endeavour EDV.AX fall as much as 1.8% to A$3.310
** Morningstar trims the Australian pub owner's FY27 EPS estimate by 4%, on slightly lower margins in the hotels segment due to flat gaming revenue, and retains long-term estimates
** The investment research firm says Endeavour retains fair value estimate of A$5.10 per share, says shares are cheap
** Adds the market expects group margins to stay at depressed FY27 levels for longer and forecasts margins to improve 160 basis points by FY 2030
** Morningstar estimates group sales growth to decelerate to 1% in September, down from 4% at the beginning of fiscal 2027
** While Morningstar expects EDV's gaming and liquor to underperform, it sees EDV taking market share in liquor and increase sales by 3%
** Stock down 9.3%, YTD, including the session's moves
(Reporting by Tejas Harish in Bengaluru)
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