Citi provides earnings view for Australia's PWR Holdings ahead of H1 FY24 results

PWR Holdings

22/01/2024 19:50

** Analysts at Citi estimate H1 FY24 net profit after tax
(NPAT) for cooling device maker PWR Holdings  PWH.AX  at A$9 mln
($5.91 mln) vs Visible Alpha (VA) consensus of A$11 mln
    ** Citi forecasts H1 revenue at A$62 mln vs VA consensus of
A$63 mln
    ** Brokerage sees 12% revenue growth for PWH in motorsports,
slightly above company's 10% growth expectations
    ** Citi forecasts FY24 NPAT for PWH at A$26.6 mln, 2% below
VA consensus
    ** Company is scheduled to report H1 FY24 results in
February
    ** Four of seven analysts rate the stock "buy" or higher,
three "hold"; median PT is A$11.00 – LSEG data
    ** Stock fell 9.4% in 2023


($1 = 1.5216 Australian dollars)

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