Report
Michael Field
EUR 101.80 For Business Accounts Only

G4S Stutters in 3Q, but Longer Term We Believe the Future Is Secure

No-moat security giant G4S delivered a short and not-so-sweet third-quarter update today, with the company effectively lowering its revenue growth guidance for the full year from 4%-6% to 3-4%. However, this lowered range is broadly in line with our conservative expectations for the full year; as such, we do not expect to make any material adjustments to our forecasts on the back of this update, nor to our GBX 312 fair value estimate. We believe today’s negative reaction to the update affords in...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Field

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