Another Small Earnings Upgrade for Mercury; No Change to FVE
Narrow-moat Mercury NZ has again lifted guidance following above-average rainfall. It now expects EBITDA of NZD 555 million, up 3% from prior guidance and up 11% from original guidance in August 2017. Improved earnings directly relate to increased output of low-cost hydroelectricity, which is now expected to come in at 4,900 gigawatt hours in fiscal 2018. That's 900 GWh more than in an average year. We upgrade our 2018 earnings forecasts in line with guidance, which is unlikely to change again t...Mercury NZ is engaged in the investment, development and producing of electricity from renewable and other energy sources, selling of energy and energy related services and products to retail and wholesale customers. As of June 30 2013, Co. had 388,000 electric customers.
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.
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