Posting this for others info and comment. It appears to me that BUB has a strong chance of beating the market expectations for revenue when the Q4 report is released. My reasoning is as follows:
Highest broker forecast (I have seen) for FY20 revenue is $67.9mil (Bell Potter)
BUB actual FY20 revenue to end of Q3 was $48.5mil
Therefore BUB needs Q4 revenue of >$19.4mil to beat this estimate. Given Q3 revenue was $19.3mil, they can get there with a flat Q on Q result. I acknowledge Q3 was a very strong result with some potential bring forward of demand due to stockpiling as COVID took hold but given the additional sales agreements with Woolworths (commenced March with full distribution by end of May), Coles (from June, so perhaps only a small impact) and Baby Bunting (May 2020) I am assuming they should have some revenue growth.
If BUB can beat the Q3 result this should lead to broker upgrades, at least that's my theory, let's see.
Upcoming Q4 report expectations
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $107.0M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $170.1K | 1.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 34 | 2442248 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 12.5¢ | 6211 | 1 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
-0.005 ( 1.87 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 12.8¢ | 12.0¢ | 997671 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| BUB (ASX) Chart |