Zip's annual earnings guidance could allay investor concerns over the Australian installment-payment provider's domestic revenue margins, Jefferies analyst Roger Samuel says. Zip's expectation of A$147 million in cash earnings across the whole of fiscal 2025 is about 1.5% higher than the average analyst forecast. Samuel points out in a note that this is still lower than the average forecast before this month's 2Q trading update but observes that all of Zip's metrics are within its previously released two-year target ranges. Jefferies has a last-published buy rating and A$3.70 target price on the stock, which is up 11% at A$2.65.
50 sma is going to be the next nut to crack.... also got the volume shelf in the low 2.80s... so this support might flip into resistance...
ZIP Price at posting:
$2.75 Sentiment: Hold Disclosure: Held
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