Johns Lyng's Guidance Looks a Low Bar to Clear

DJ Johns Lyng's Guidance Looks a Low Bar to Clear -- Market TalkDow Jones Global News - —2151 GMT -

Johns Lyng's FY 2022 guidance undershoots what the building works company is likely to achieve, says Goldman Sachs. Johns Lyng expects a 22% rise in revenue this fiscal year, and a 29% rise in Ebitda. "We note that this guidance range doesn't incorporate upside from CAT work that had not yet been contracted (including the Victorian Government contract), and our estimates sit 15% ahead on revenue and 18% ahead on Ebitda," says Goldman. CAT work refers to Johns Lyng's response to catastrophic events, such as bushfires. For investors, bolt-on acquisitions could be stock catalysts along with Johns Lyng's 1H result in February, the bank adds. ([email protected]; @dwinningWSJ)