DJ Webjet Tipped for Potential Upside Earnings Surprise -- Market Talk
0101 GMT - Webjet investors could soon get some welcome relief from recent price declines, with UBS tipping the online travel operator for what could be a better-than-expected 1H result. UBS says Webjet guidance implies a very conservative interpretation of synergies from the integration of its Destinations of the World acquisition, while there is potential earnings margin upside from the implementation of a blockchain booking system into its business-to-business unit. Shares in Webjet have shed almost a quarter of their value over the past two weeks over worries about the impact of coronavirus and an analyst report postulating a threat from Google Flights. Webjet shares are down 4.4% at A$11.23. ([email protected]; @StuartLCondie)
(END) Dow Jones Newswires
February 02, 2020 20:01 ET (01:01 GMT)
WEB Price at posting:
$11.71 Sentiment: Buy Disclosure: Held
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