Citi David Rogers Citi’s Siraj Ahmed warns that Zip shares are likely to fall as a lower revenue margin drove a 20 per cent miss to its cash EBTDA .“Zip reported solid TTV growth of 25 per cent on-year, with the US continuing to deliver strong growth while ANZ returned to growth,” he says.“However , cash EBTDA missed our forecast by 20 per cent primarily due to a 4 per cent revenue miss, partly due to seasonality as well as higher costs.”“While US growth remains strong, this was essentially in line with expectations rather than the recent track record of beating expectations. “We see potential for the stock to be weak today given the cash EBTDA miss and expect the focus to be on the outlook for US growth in CY25.”
ZIP Price at posting:
$2.61 Sentiment: Hold Disclosure: Held
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