UK's Judges Scientific H1 revenue, profit fall amid offshore wind weakness
UK's Judges Scientific H1 revenue, profit fall amid offshore wind weakness
Overview
UK scientific instruments group's H1 revenue fell 21% amid challenging end markets
Adjusted pre-tax profit dropped 75% as cost cuts only partly offset lower volumes
Company maintained full-year earnings guidance and raised interim dividend by 10%
Outlook
Judges Scientific maintains 2026 guidance for adjusted EPS in line with market expectations of 200.5p
Company expects no Geotek coring expedition revenue in 2027; consensus adjusted EPS seen at 224.9p
Company says US research funding environment remains challenging; signs of improvement in China procurement
Result Drivers
MARKET HEADWINDS - Reduced US research funding, delays in China procurement, and offshore wind weakness weighed on H1 performance
BUSINESS GROWTH IN SELECT SECTORS - Eight businesses grew, supported by operational initiatives and healthier conditions in semiconductors and battery development
Company press release: ID:nRSW8587Va
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 55.7 mln |
|
H1 Adjusted Pretax Profit |
| GBP 3.2 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy."
Wall Street's median 12-month price target for Judges Scientific PLC is GBp6,500.00, about 71.5% above its September 22 closing price of GBp3,790.00
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 21 three months ago
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Sept 22 - UK's Smiths Group FY revenue beats estimates, margin expands
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)