Ha ha You are wrong and misleading people! It is 70 from 90 but still quite a bit of upside. Shorts will likely racked today if we go beyond $60
Morgans seeing value now after ~25% drop yesterday
COMMENTARYFirst half earnings (EBIT) for Domino's Pizza Enterprises missed forecasts by Morgans and consensus by -5% and -7%, respectively, as customers resist recent price rises.
Europe was again the primary area of earnings weakness as its earnings margin contracted to 7% from 8.5% in the 2H of FY22. Management also noted the 8-10% network expansion target for FY23 may be in jeopardy.
The broker doesn't expect a rapid turnaround in the company's fortunes and significantly lowers its FY23 and FY24 forecasts and slashes its target to $70 from $90.
Given the negative share price reaction to the result, the analyst keeps an Add rating as there's sufficient upside to the new target price.
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$32.20 |
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Mkt cap ! $2.927B |
Open | High | Low | Value | Volume |
$32.17 | $32.53 | $31.99 | $12.05M | 374.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | $32.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.25 | 711 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 32.150 |
1 | 1404 | 32.050 |
2 | 711 | 32.040 |
2 | 152 | 32.020 |
5 | 1846 | 32.010 |
Price($) | Vol. | No. |
---|---|---|
32.250 | 711 | 2 |
32.260 | 1404 | 1 |
32.300 | 1404 | 1 |
32.350 | 1404 | 1 |
32.390 | 1404 | 1 |
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