Citi hikes earnings forecast for a2 Milk ahead of 1H24 results
** Analysts at Citi estimate for ASX-listed shares of a2 Milk Co A2M.AX 1H24 net profit after tax (NPAT) of NZ$73 million ($44.64 million), down 1% from the year-ago period** Citi estimates FY24 NPAT of NZ$160 million ($97.84 million), up 3% from the year-ago period
** Analysts forecast a stronger 2H performance vs 1H
** Citi maintains "Buy" rating for the dairy producer on better-than-expected China birth rate in CY23, among others
** Co to report 1H24 earnings on Feb. 19
** Five of 10 analysts rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is A$5.13 – LSEG data
** Stock fell 38.1% in 2023
Citi hikes earnings forecast for a2 Milk ahead of 1H24 results**...
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$6.15 |
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Mkt cap ! $4.442B | |||
| Open | High | Low | Value | Volume |
| $6.10 | $6.18 | $6.09 | $4.896M | 797.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 13755 | $6.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 28405 | 30 |
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| Last trade - 13.47pm 08/05/2024 (20 minute delay) ? |
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Last
$6.14 |
Change
0.015 ( 0.66 %) |
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| Open | High | Low | Volume | ||
| $6.10 | $6.18 | $6.10 | 1346900 | ||
| Last updated 14.09pm 08/05/2024 ? | |||||
| A2M (ASX) Chart |