TPW 1.00% $11.42 temple & webster group ltd

I'm guessing that CB referred to revenue growth being "only"...

  1. 139 Posts.
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    I'm guessing that CB referred to revenue growth being "only" 100%+, compared to the previous update, which had July-August revenue growth of 161%.

    Another way to look at this is that there are five analysts in Thomson-Reuters consensus, with an average target price of $11.40 (or $11.10 when I look at a different source). Their average estimated FY21 revenue growth is 75% before today's update. I was thinking, does October revenue growth of 100%+ suggest more than 75% for the whole FY? I'm not sure, given that Melbourne (with about 20% of Australia's population) is still in lockdown, but maybe it does.

    It will be interesting to see what happens tomorrow when the analysts publish their reports. Some might still upgrade their target prices tomorrow, depending on what assumptions they already had (and I suspect that upgrades are still more likely than downgrades). Any upgrades might drive some bargain hunting tomorrow.
 
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