Overview
Italy digital solutions provider's Q1 revenue rose 6.2% yr/yr to EUR 645 mln
Q1 EBITDA, EBIT and pretax profit increased yr/yr
Company attributed growth to re-engineering and new AI initiatives
Outlook
Company did not provide specific financial guidance for the current or future periods in press release
Result Drivers
AI INITIATIVES - Co said growth was driven by launch of more than 30 new artificial intelligence-focused initiatives since start of year
RE-ENGINEERING AND REPOSITIONING - Co attributed growth to ongoing re-engineering, repositioning and evolution of its offering
Company press release: ID:nEQ4DKQD1a
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 645 mln
Q1 EBIT
EUR 95.10 mln
Q1 EBITDA
EUR 112 mln
Q1 Pretax Profit
EUR 99.80 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Reply SpA is €151.50, about 63% above its May 14 closing price of €92.95
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)
