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clock Created with Sketch. 20/12/18
18:49
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Originally posted by BobbyKennedy
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To suggest the FY19 EPS will fall by more than half is ludicrous. And the Morningstar forward looking EPS is, from memory, based on a few factors including concensus forecast so it’s no different to Market Screener. In fact, the Market Screener EPS look so poor that I’d wager there’s a small number of brokers with outrageously low forecasts that they’re dragging down the average. The debt refinancing hasn’t brought forward any of the obligations so IMO there’s little chance of it impacting FY19 earnings at all. So there’s something wrong with those numbers if you ask me.
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My access to Morningstar (via ANZ Share Trading) only shows one analyst - Credit Suisse. We will have a better idea of who is closer to the mark in Feb.
