Whilst EBITDA surprised at 3% higher than forecast for this year, next year’s guidance was dropped back by 10% . Seems like a small thing to hang a 20% SP smashing on ! THis from Motley : WiseTech Global Ltd (ASX: WTC)The WiseTech share price is down almost 20% to $69.62. This morning, this logistics software company released its FY 2023 results and reported a 28% increase in underlying EBITDA to $412.1 million. While this beat the consensus estimate of $403 million, its significantly weaker than expected guidance for FY 2024 disappointed the market. Goldman Sachs notes that the company’s FY 2024 EBITDA guidance range of $455 million to $490 million is well short of its estimate of $547 million and the consensus estimate of $545 million.
Whilst EBITDA surprised at 3% higher than forecast for this...
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