Jefferies cuts PT on New Zealand's Gentrack, downgrades to 'hold' after earnings cut

Gentrack

05/05/2026 20:12

** Jefferies cuts PT on New Zealand's Gentrack Group GTK.NZ to NZ$4.17 from NZ$11.20 after a change in analyst; downgrades to "hold" from "buy"

** Lowers EBITDA forecast by an average of 49% over FY26-28 and EPS forecast by an average of 62%

** Shares of the utilities provider plunged nearly 35% to NZ$3.94 in the previous session after it lowered estimates for FY26 revenue to between NZ$229 million ($134.86 million) and NZ$238 million

** Brokerage says co's FY26 EBITDA forecast of NZ$13.5 million to NZ$20 million is 51.2% below Visible Alpha consensus at midpoint

** Average rating of 10 analysts is "hold"; median PT is NZ$8.43 - data compiled by LSEG

** GTK down 52.7% YTD, as of last close

($1 = 1.6981 New Zealand dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))