Citi remains cautious on Australia's EVT hotel division earnings

EVT

07/02/2024 04:58

** Analysts at Citi forecasts for EVT  EVT.AX  1H24 net
profit after tax (NPAT) of A$44 million ($28.74 million) versus
Visible Alpha (VA) consensus of A$41 mln
    ** Brokerage remains cautious on co's hotels division HY
earnings as Australian hotel data suggests softening in domestic
travel 
    ** Citi estimates 1H24 EBITDA for co's hotels division up 1%
from previous year
    ** Citi looks out for details on for co's plans to build a
hotel at George Street in Sydney
    ** Co set to report 1H24 result on Feb. 15
    ** Four of six analysts rate the stock "Buy" or higher and
one "hold"; their median PT is A$12.65 – LSEG data
        ** Shares co up as much as 1.5% to A$12.64
    ** Stock has risen 1.8% this year, as of last close


($1 = 1.5309 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))