Report
Gareth James
EUR 101.80 For Business Accounts Only

Wisetech Upgrades Earnings Guidance but Still Looks Expensive

Narrow moat-rated WiseTech Global upgraded its fiscal 2018 earnings guidance slightly at its AGM with revenue now expected to fall within a range of AUD 207 to AUD 217 million, around 3% higher than the AUD 200 to 210 million range provided with the fiscal 2017 result in August. However, EBITDA guidance was maintained at AUD 71 million to 75 million. We have upgraded our fiscal 2018 forecasts slightly, with revenue and EBITDA forecasts increased by 2% and 5%, respectively.
We weren’t particularl...
Underlying
Wisetech Global Ltd.

WiseTech Global is engaged in providing software solutions to the logistics industry across more than 125 countries. Co. develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally. Co.'s customers range from small and mid-sized regional or domestic enterprises to large multi-national companies.

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
Gareth James

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch