Slight miss...
Tabcorp profit falls short of consensus
Tabcorp has reported a full-year net profit of $246.2m excluding one-offs.
This is about 2.5 per cent below Bloomberg’s consensus estimate of $252.4m.
Given there are about 6 Buys, 2 Holds and only 1 Sell rating on the stock it may be headed for a slight dip.
However the share price fell 3pc to a 5-week low of $4.48 yesterday and it closed on the 100-day moving average at $4.50.
Thus the market looks to have already anticipated some disappointment among analysts.
And Tabcorp said it’s “well positioned for growth” after a positive second-half, driven by Wagering & Media and Lotteries & Keno.
Expect solid support on dips to the June 29 low at $4.44.
TAH last $4.50.
Slight miss... Tabcorp profit falls short of consensus Tabcorp...
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Last
50.0¢ |
Change
0.005(1.01%) |
Mkt cap ! $981.9M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 51.0¢ | 49.0¢ | $1.508M | 3.003M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 146235 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 40346 | 3 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| TAH (ASX) Chart |
