Australian Broker Call *Extra* Edition – Mar 05, 2026

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            [6] => ((AX1))
            [7] => ((CCX))
            [8] => ((CNI))
            [9] => ((CUV))
            [10] => ((DDR))
            [11] => ((DMP))
            [12] => ((EBO))
            [13] => ((ELV))
            [14] => ((EML))
            [15] => ((EOL))
            [16] => ((EQR))
            [17] => ((FCL))
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            [21] => ((HLO))
            [22] => ((HMC))
            [23] => ((IMR))
            [24] => ((IRE))
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            [28] => ((LRK))
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            [30] => ((NDO))
            [31] => ((NXT))
            [32] => ((RDY))
            [33] => ((SCG))
            [34] => ((SDF))
            [35] => ((SDR))
            [36] => ((SDV))
            [37] => ((SIG))
            [38] => ((SKT))
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            [41] => ((TAH))
            [42] => ((VAU))
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            [47] => ((WTC))
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            [6] => AX1
            [7] => CCX
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            [9] => CUV
            [10] => DDR
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            [12] => EBO
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            [14] => EML
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            [16] => EQR
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            [21] => HLO
            [22] => HMC
            [23] => IMR
            [24] => IRE
            [25] => JIN
            [26] => LNW
            [27] => LNW
            [28] => LRK
            [29] => MTO
            [30] => NDO
            [31] => NXT
            [32] => RDY
            [33] => SCG
            [34] => SDF
            [35] => SDR
            [36] => SDV
            [37] => SIG
            [38] => SKT
            [39] => SSM
            [40] => SUL
            [41] => TAH
            [42] => VAU
            [43] => VSL
            [44] => WDS
            [45] => WOW
            [46] => WPR
            [47] => WTC
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)

This story features AMPLITUDE ENERGY LIMITED, and other companies.
For more info SHARE ANALYSIS: AEL
The company is included in ASX300 and ALL-ORDS

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.

In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.

One key difference is the *Extra* Edition will not be updated daily, but merely “regularly” depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)

AEL (2)   ALC   APX   ASG   ATA   AX1   CCX   CNI   CUV   DDR   DMP   EBO   ELV   EML   EOL   EQR   FCL   FLT (2)   FMG   HLO   HMC   IMR   IRE   JIN   LNW (2)   LRK   MTO   NDO   NXT   RDY   SCG   SDF   SDR   SDV   SIG   SKT   SSM   SUL   TAH   VAU   VSL   WDS   WOW   WPR   WTC  

AEL    AMPLITUDE ENERGY LIMITED

Crude Oil – Overnight Price: $2.57

Canaccord Genuity rates ((AEL)) as Buy (1) –

Amplitude Energy delivered a solid 1H26 beat, Canaccord Genuity notes, reporting record production, revenue, earnings and operating cash. This positive operating performance was reinforced by an upgrade to FY26 production guidance of 5%.

With the market now heavily discounting Amplitude’s Otway exploration campaign, the broker views current levels as highly attractive for a company which is catalyst-rich in the near term.

Questions around the Elanora false positive remain and initial results from Isabella are expected imminently, but East Coast Supply Project production is backstopped by Annie, Canaccord points out.

Buy and $3.35 target retained.

This report was published on February 26, 2026.

Target price is $3.35 Current Price is $2.57 Difference: $0.78
If AEL meets the Canaccord Genuity target it will return approximately 30% (excluding dividends, fees and charges).
Current consensus price target is $3.23, suggesting upside of 23.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 20.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.48.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 21.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.4.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 22.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.52.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.9, implying annual growth of 28.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.7.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Jarden rates ((AEL)) as Overweight (2) –

Amplitude Energy is executing well Jarden believes, delivering a record first half financial and operating result that was ahead of expectations. The company has lifted FY26 production cost guidance, also targeting additional cost cutting opportunities.

The broker notes the results from the Isabella exploration well are due. The issue, Jarden notes, is why the failed well at Elanora does not impact Isabella’s chance of success.

Management is investigating why, citing a “gas thief zone” as a possible reason, although the investigation will take months to complete.

If Isabella is not successful, Jarden expects the market will discount the remainder of the program, despite the stated independence of the prospects. 

Overweight maintained. Target rises to $2.75 from $2.67.

This report was published on February 25, 2026.

Target price is $2.75 Current Price is $2.57 Difference: $0.18
If AEL meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $3.23, suggesting upside of 23.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 18.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.89.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 21.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 30.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.43.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.9, implying annual growth of 28.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.7.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ALC    ALCIDION GROUP LIMITED

Healthcare services – Overnight Price: $0.10

Canaccord Genuity rates ((ALC)) as Buy (1) –

Alcidion Group’s 1H26 result impressed Canaccord Genuity, beating on earnings. FY26 guidance is reconfirmed.

Gross margin declined -460bps year on year due to higher third-party sales which carry a higher cost component. The broker expects this impact to persist into 2H given the Sussex (UHSx) contract profile, but believes margins should normalise over the longer term.

Importantly, Canaccord notes annual recurring revenue was up 41% year on year, and now begins to cover a well-controlled opex base. 

Buy and 13c target retained.

This report was published on February 26, 2026.

Target price is $0.13 Current Price is $0.10 Difference: $0.032
If ALC meets the Canaccord Genuity target it will return approximately 33% (excluding dividends, fees and charges).

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

APX    APPEN LIMITED

IT & Support – Overnight Price: $1.56

Canaccord Genuity rates ((APX)) as Buy (1) –

Appen’s comprehensive Q4 update in late January meant that the FY26 outlook statement was the principal new information in the full year release, Canaccord Genuity reports.

In a change from recent years, and perhaps a sign of increased confidence, Appen opted to offer full year revenue and earnings guidance, albeit with a wide range and, in the broker’s view, plenty of conservatism built in.

The market responded positively to the guidance, which Canaccord believes was well above consensus estimates, especially on earnings. The shares trade on enterprise value multiples which the broker estimates are much lower than peers.

Target rises to $2.30 from $1.80, Buy retained.

This report was published on February 26, 2026.

Target price is $2.30 Current Price is $1.56 Difference: $0.74
If APX meets the Canaccord Genuity target it will return approximately 47% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.37 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 113.70.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.80.

Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ASG    AUTOSPORTS GROUP LIMITED

Automobiles & Components – Overnight Price: $2.86

Jarden rates ((ASG)) as Overweight (2) –

Autosports Group will acquire South Australian dealer group Solitaire Auto Group for around -$50m, comprising -$25m in cash and the balance in scrip issued at $3.46 per share. Completion is expected in April 2026 subject to regulatory and OEM approvals.

Jarden highlights Solitaire generates around $300m in turnover and will expand Autosports’ presence in prestige and luxury brands including Aston Martin, Jaguar, Land Rover, Volvo and Audi.

The transaction not only provides Autosports with sole retailer exposure to several luxury brands in South Australia, but also strengthens relationships with Geely Group brands including Volvo, Polestar and Zeekr, highlight the analysts.

As the acquisition is not yet included in forecasts, Jarden retains an Overweight rating with an unchanged $4.05 target price.

This report was published on February 26, 2026.

Target price is $4.05 Current Price is $2.86 Difference: $1.19
If ASG meets the Jarden target it will return approximately 42% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 10.80 cents and EPS of 24.80 cents.
At the last closing share price the estimated dividend yield is 3.78%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.53.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 13.40 cents and EPS of 30.50 cents.
At the last closing share price the estimated dividend yield is 4.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.38.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ATA    ATTURRA LIMITED

Software & Services – Overnight Price: $0.56

Moelis rates ((ATA)) as Buy (1) –

Atturra’s first-half revenue of $180.6m and underlying earnings (EBITDA) of $7.3m exceeded Moelis’ forecasts of $170.6m and $6.8m, respectively, and were within the guidance range.

The broker expects the operating performance to normalise in H2, with FY26 guidance for revenue of $364-$374m and earnings (EBITDA) of $30-$31m implying a strong second half.

The balance sheet remains well capitalised with around $58m in cash, suggests the analyst, supporting both organic and inorganic growth opportunities across AI, cyber, cloud and data.

FY26-28 earnings forecasts are adjusted by -1.0%, 2.4% and 3.0%, respectively. Margins are expected to return to the historical over 10.5% target by FY27.

Target price for Atturra raised to $0.85 from $0.83. Buy rating retained.

This report was published on February 27, 2026.

Target price is $0.85 Current Price is $0.56 Difference: $0.29
If ATA meets the Moelis target it will return approximately 52% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.00.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.89.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

AX1    ACCENT GROUP LIMITED

Apparel & Footwear – Overnight Price: $1.00

Jarden rates ((AX1)) as Neutral (3) –

Accent Group delivered first half earnings that were in line with expectations with second half guidance reiterated.

Jarden is now more comfortable with its estimates, noting while second half like-for-like sales in the year to date were flat, they are supportive of the midpoint of guidance.

The broker suggests the business is getting “cleaner” and the stock appears cheap. Yet weak like-for-like momentum, increased competition in lifestyle, and Sports Direct execution risk causes Jarden to retain a Neutral rating and $1.20 target.

This report was published on February 25, 2026.

Target price is $1.20 Current Price is $1.00 Difference: $0.195
If AX1 meets the Jarden target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $1.23, suggesting upside of 17.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 4.70 cents and EPS of 7.10 cents.
At the last closing share price the estimated dividend yield is 4.68%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.15.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 7.1, implying annual growth of -29.8%.
Current consensus DPS estimate is 4.7, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 14.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 6.60 cents and EPS of 9.00 cents.
At the last closing share price the estimated dividend yield is 6.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.6, implying annual growth of 35.2%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 6.1%.
Current consensus EPS estimate suggests the PER is 10.9.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CCX    CITY CHIC COLLECTIVE LIMITED

Apparel & Footwear – Overnight Price: $0.10

Canaccord Genuity rates ((CCX)) as Buy (1) –

City Chic Collective pre-released most of its headline 1H26 figures in a January trading update, Canaccord Genuity notes, with revenues a -5% miss.

Gross margins expanded to 62% on the back of lower discounted sales and a shift to higher value customers. Cost discipline was also maintained, with cost of doing business (CODB) flat, and is now at steady state, in the broker’s view.

City Chic’s result illustrates a stabilised business, with the cost base and platform set for a return to growth in FY27, in Canaccord’s view. A return to sustainable revenue growth on a materially reduced CODB should see positive operating leverage.

Buy and 25c target retained.

This report was published on February 26, 2026.

Target price is $0.25 Current Price is $0.10 Difference: $0.15
If CCX meets the Canaccord Genuity target it will return approximately 150% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 12.50.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.11.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CNI    CENTURIA CAPITAL GROUP

Diversified Financials – Overnight Price: $1.81

Moelis rates ((CNI)) as Upgrade to Buy from Hold (1) –

Centuria Capital’s first-half operating EPS rose 6.5% on the prior year to 6.6cpu. Look-through earnings (EBITDA) also increased 5%, supported by higher funds under management (FUM), management fees and performance fee releases, Moelis explains.

Real estate funds under management (FUM) rose 5% in the six months to $18.3bn, while Bass Credit increased to $2.5bn from $2.3bn.

Fee revenue increased 16% year-on-year to $92m, though the analyst observes earnings were partly offset by losses from the Sovereign AI platform.

Moelis lowers its medium-term forecasts reflecting assumptions for slower FUM growth, reduced performance fees and the impact of ResetData. Target price falls to $2.23 from $2.45. Rating upgraded to Buy from Hold on valuation grounds.

This report was published on February 27, 2026.

Target price is $2.23 Current Price is $1.81 Difference: $0.42
If CNI meets the Moelis target it will return approximately 23% (excluding dividends, fees and charges).
Current consensus price target is $2.15, suggesting upside of 19.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 10.40 cents and EPS of 13.60 cents.
At the last closing share price the estimated dividend yield is 5.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.3, implying annual growth of 33.4%.
Current consensus DPS estimate is 10.0, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 13.5.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 10.60 cents and EPS of 14.40 cents.
At the last closing share price the estimated dividend yield is 5.86%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 14.1, implying annual growth of 6.0%.
Current consensus DPS estimate is 10.3, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 12.8.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CUV    CLINUVEL PHARMACEUTICALS LIMITED

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $9.61

Moelis rates ((CUV)) as Buy (1) –

First-half revenue for Clinuvel Pharmaceuticals rose 4% on the prior year to $36.9m. Moelis observes stronger EU sales offset weaker US revenue affected by government shutdown-related payment processing delays.

Earnings (EBITDA) fell -45% to $9.8m, while profit declined -26% to $10.4m, though the result was broadly in line with the broker’s expectations.

EU revenue increased 45% following an expansion in the recommended treatment regime for erythropoietic protoporphyria (EPP), explain the analysts.

Progress in vitiligo trials remains on track with key data expected in H2 2026.

FY26-28 earnings forecasts are broadly unchanged, with Moelis noting FX headwinds in the US are offset by stronger EU sales and lower costs.

Buy rating and $23.29 target price are unchanged.

This report was published on February 27, 2026.

Target price is $23.29 Current Price is $9.61 Difference: $13.68
If CUV meets the Moelis target it will return approximately 142% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 5.30 cents and EPS of 81.90 cents.
At the last closing share price the estimated dividend yield is 0.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.73.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 5.60 cents and EPS of 88.70 cents.
At the last closing share price the estimated dividend yield is 0.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.83.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

DDR    DICKER DATA LIMITED

Hardware & Equipment – Overnight Price: $8.53

Jarden rates ((DDR)) as Downgrade to Overweight from Buy (2) –

Second-half 2025 profit for Dicker Data was around 3% ahead of the consensus estimate. Jarden highlights strong operating cash flow (OCF) and solid revenue growth of 14% year-on-year, supported by the PC refresh cycle.

Earnings growth remains supported by further PC upgrade demand and a potential small business recovery worth more than $35m in annual gross profit over time, suggest the analysts.

Rising PC prices and increasing AI-related project opportunities are expected to lend further support.

Jarden sees a balance for gross margins as lower-margin enterprise and AI projects offset improvements from a recovery in small business demand.

Unchanged $11.20 target. Jarden downgrades to Overweight from Buy given the risk further rate hikes could slow the small business recovery and volumes may decline faster than expected following price rises.

This report was published on February 26, 2026.

Target price is $11.20 Current Price is $8.53 Difference: $2.67
If DDR meets the Jarden target it will return approximately 31% (excluding dividends, fees and charges).
Current consensus price target is $10.65, suggesting upside of 21.9%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 52.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 52.1, implying annual growth of 10.0%.
Current consensus DPS estimate is 46.0, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 16.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 57.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.86.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 57.3, implying annual growth of 10.0%.
Current consensus DPS estimate is 48.3, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 15.3.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

DMP    DOMINO’S PIZZA ENTERPRISES LIMITED

Food, Beverages & Tobacco – Overnight Price: $17.58

Jarden rates ((DMP)) as Neutral (3) –

Domino’s Pizza Enterprises delivered first half results that were in line with Jarden’s expectations, albeit the composition was deemed of lower quality and the trading update soft.

The company is rebuilding franchise profitability and cutting costs, but the broker remains concerned about long-term detriment to the brand by reducing value perception.

This is particularly so against what appears to be a more competitive backdrop in Australia and weaker global consumption trends.

Jarden reduces FY26 earnings estimates by -1.3%. Target is reduced to $18 from $19 and a Neutral rating is maintained.

This report was published on February 25, 2026.

Target price is $18.00 Current Price is $17.58 Difference: $0.42
If DMP meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $20.84, suggesting upside of 16.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 125.70 cents.
At the last closing share price the estimated dividend yield is 2.84%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.99.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 126.3, implying annual growth of N/A.
Current consensus DPS estimate is 51.0, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 14.1.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 66.00 cents and EPS of 166.30 cents.
At the last closing share price the estimated dividend yield is 3.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 136.1, implying annual growth of 7.8%.
Current consensus DPS estimate is 59.7, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 13.1.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EBO    EBOS GROUP LIMITED

Healthcare services – Overnight Price: $19.80

Jarden rates ((EBO)) as Overweight (2) –

First half results from Ebos Group were in line with Jarden’s expectations and, “critically”, management reaffirmed guidance for the full year.

This appears to be a transition year for the company before stronger growth and cash flow leverage returns in FY27, the broker adds.

The outstanding issue at the EPS level is the uplift in D&A and lease costs associated with the DC renewal coming on stream fully from FY27 onwards.

The broker reduces its target to NZ$34.00 from NZ$37.50. This mainly reflects higher lease cash flows. Overweight retained on valuation support and initial evidence the operating reset has now been completed.

This report was published on February 25, 2026.

Current Price is $19.80. Target price not assessed.
Current consensus price target is $28.02, suggesting upside of 44.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 105.00 cents and EPS of 126.00 cents.
At the last closing share price the estimated dividend yield is 5.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.71.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 127.3, implying annual growth of 16.0%.
Current consensus DPS estimate is 104.8, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 15.2.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 106.00 cents and EPS of 129.10 cents.
At the last closing share price the estimated dividend yield is 5.35%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.34.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 134.3, implying annual growth of 5.5%.
Current consensus DPS estimate is 103.9, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 14.4.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ELV    ELEVRA LITHIUM LIMITED

New Battery Elements – Overnight Price: $7.38

Canaccord Genuity rates ((ELV)) as Buy (1) –

Elevra Lithium moved to USD reporting in the period and reported underlying earnings of US$1m, compared to Canaccord Genuity’s forecast of US$0.3m. Guidance is unchanged of 180-190kt production at cash costs of US$860-880/t.

There looks to be some minor steps forward for the Ewoyya JV, the broker suggests. Atlantic Lithium resubmitted its Mining Lease in late 2025 which included revised fiscal terms.

Canaccord applies heavy risking to Elevra’s 23% interest in Ewoyya (noting also its 50% offtake rights) in its valuation, but notes the potential for an increase in carried value by way of either de-risking development through ratification of the Mining Lease or takeover offer.

Buy and $14.50 target retained.

This report was published on February 26, 2026.

Target price is $14.50 Current Price is $7.38 Difference: $7.12
If ELV meets the Canaccord Genuity target it will return approximately 96% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 80.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.23.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 136.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.43.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EML    EML PAYMENTS LIMITED

Business & Consumer Credit – Overnight Price: $0.62

Canaccord Genuity rates ((EML)) as Buy (1) –

FY26 is a reset year for EML Payments, Canaccord Genuity notes, in line with a strategy to reboot the company through building up its pipeline with a revitalised commercial sales engine, investing in an improved, simplified technology platform and right-sizing the business through targeted cost efficiencies.

In that context, the company reported a soft 1H26 result, the broker suggests, with revenue down -6% year on year and below market expectations, driven by a -12% decrease in interest revenue and -4% lower customer revenue.

Cost efficiencies partially offset the underlying earnings impact. Canaccord still believes the company is set up for a return to growth in FY27. Target falls to $1.75 from $1.80, Buy retained.

This report was published on February 26, 2026.

Target price is $1.75 Current Price is $0.62 Difference: $1.13
If EML meets the Canaccord Genuity target it will return approximately 182% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.78.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.75.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EOL    ENERGY ONE LIMITED

Energy Sector Contracting – Overnight Price: $14.42

Canaccord Genuity rates ((EOL)) as Buy (1) –

Canaccord Genuity maintains a Buy rating on Energy One and lowers the target price to $20.79 from $21.32.

Recurring revenue growth of 23% in the half was a key highlight, commentary suggests, supported by strong net revenue retention of 111%, although churn temporarily increased to 5%.

Revenue was slightly below expectations due to lower implementation revenue, while recurring revenue exceeded forecasts and cash EBITDA of $7.3m beat estimates.

FY26 guidance was reiterated, with the broker forecasting ARR growth of around 16%, within the company’s 15–20% target range, and a cash EBITDA margin of roughly 21%.

Canaccord Genuity views the recent share price pullback as a buying opportunity.

This report was published on February 26, 2026.

Target price is $20.79 Current Price is $14.42 Difference: $6.37
If EOL meets the Canaccord Genuity target it will return approximately 44% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 12.70 cents and EPS of 34.00 cents.
At the last closing share price the estimated dividend yield is 0.88%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 42.41.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 17.90 cents and EPS of 46.00 cents.
At the last closing share price the estimated dividend yield is 1.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.35.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EQR    EQ RESOURCES LIMITED

Industrial Metals – Overnight Price: $0.34

Canaccord Genuity rates ((EQR)) as Initiation of coverage with Buy (1) –

Canaccord Genuity initiates coverage of EQ Resources with a Buy rating and a $0.40 target price, highlighting the company as a geographically diversified tungsten producer with operating assets at Mt Carbine in Queensland and Barruecopardo in Spain.

Strong production growth is expected due to the expansion at Mt Carbine, where plant upgrades and improved feed grade could lift output to around 310,000 MTU by FY27, more than doubling current production levels.

Additional optimisation at Barruecopardo is forecast to support roughly 20% production growth into 2027.

Tungsten is well positioned with a strategic role in defence, aerospace and semiconductor applications, and a structural supply deficit through to 2030 is anticipated due to limited new mine development and strong demand growth, commentary highlights.

This report was published on February 25, 2026.

Target price is $0.40 Current Price is $0.34 Difference: $0.06
If EQR meets the Canaccord Genuity target it will return approximately 18% (excluding dividends, fees and charges).

Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

FCL    FINEOS CORPORATION HOLDINGS PLC

Cloud services – Overnight Price: $2.35

Canaccord Genuity rates ((FCL)) as Buy (1) –

Fineos Corp’s 2025 result was viewed as “solid’ by Canaccord Genuity with revenue rising 4% on the prior year and within guidance despite FX headwinds, while constant-currency revenue growth reached 6%.

Subscription revenue increased 8%, lifting the recurring revenue mix to 55% as the business continues to shift toward higher-margin subscription income.

Operating leverage improved meaningfully, with earnings (EBITDA) rising 33%, and margins expanding to 22%, supported by cost efficiencies and a higher subscription revenue mix.

The company generated its first full-year positive free cash flow of EUR6m and reported exit ARR growth of 10%, while FY26 revenue guidance of EUR147m–EUR152m came in above prior expectations.

Buy rating retained and target price lifts $3.50 from $3.45 after upgrading earnings forecasts on stronger subscription growth and improving operating leverage.

This report was published on February 25, 2026.

Target price is $3.50 Current Price is $2.35 Difference: $1.15
If FCL meets the Canaccord Genuity target it will return approximately 49% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 EPS of 3.17 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 74.20.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 EPS of 4.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 53.43.

This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

FLT    FLIGHT CENTRE TRAVEL GROUP LIMITED

Travel, Leisure & Tourism – Overnight Price: $11.82

Canaccord Genuity rates ((FLT)) as Buy (1) –

Flight Centre Travel’s 1H26 results were slightly stronger than Canaccord Genuity expected with underlying PBT around 1% ahead of its forecast and about 4% above consensus.

Management reiterated FY26 guidance for underlying PBT of $315–350m, implying a strong second-half weighting consistent with the group’s historical earnings split.

The broker believes the company is capable of meeting guidance but sees limited probability of an earnings beat, given the high 2H contribution required and the absence of clear upside catalysts.

Buy rating and $16 target unchanged. EPS forecasts are tweaked slightly.

This report was published on February 25, 2026.

Target price is $16.00 Current Price is $11.82 Difference: $4.18
If FLT meets the Canaccord Genuity target it will return approximately 35% (excluding dividends, fees and charges).
Current consensus price target is $17.14, suggesting upside of 40.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 42.00 cents and EPS of 104.00 cents.
At the last closing share price the estimated dividend yield is 3.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.37.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 107.3, implying annual growth of 116.2%.
Current consensus DPS estimate is 44.8, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 11.4.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 44.00 cents and EPS of 116.00 cents.
At the last closing share price the estimated dividend yield is 3.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 126.6, implying annual growth of 18.0%.
Current consensus DPS estimate is 52.1, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 9.6.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Jarden rates ((FLT)) as Buy (1) –

Flight Centre Travel posted a strong first half result which was ahead of Jarden’s estimates while guidance was reaffirmed. Risk appears skewed to the upside and the broker retains a Buy rating as the valuation is attractive, and a buyback scheme will resume.

The main area of concern, Jarden assesses, is the accelerated disintermediation of travel agents, although this is considered low as corporate is facing structural tailwinds and leisure is increasingly light on capital investment. Target is reduced to $18.00 from $18.50.

This report was published on February 26, 2026.

Target price is $18.00 Current Price is $11.82 Difference: $6.18
If FLT meets the Jarden target it will return approximately 52% (excluding dividends, fees and charges).
Current consensus price target is $17.14, suggesting upside of 40.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 46.00 cents and EPS of 105.10 cents.
At the last closing share price the estimated dividend yield is 3.89%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 107.3, implying annual growth of 116.2%.
Current consensus DPS estimate is 44.8, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 11.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 76.00 cents and EPS of 132.10 cents.
At the last closing share price the estimated dividend yield is 6.43%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.95.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 126.6, implying annual growth of 18.0%.
Current consensus DPS estimate is 52.1, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 9.6.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

FMG    FORTESCUE LIMITED

Iron Ore – Overnight Price: $19.00

Jarden rates ((FMG)) as Underweight (4) –

The strong first half result from Fortescue reflected a consistently strong operating performance with a focus on maintaining leadership in industry operating costs, Jarden asserts. Underlying EBITDA was ahead of the estimates.

Some frustration from investors is perceived regarding a lack of discipline on capital expenditure, particularly on energy and decarbonisation, with potential financial returns difficult to identify and impossible to measure, the broker adds.

The company has recently pivoted away from hydrogen manufacturing and continues to defer large-scale capital expenditure that will eventually be required for the development of a new operating hub.

With a relative lack of valuation support, Jarden retains an Underweight rating. Target is steady at $17.15.

This report was published on February 26, 2026.

Target price is $17.15 Current Price is $19.00 Difference: minus $1.85 (current price is over target).
If FMG meets the Jarden target it will return approximately minus 10% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $20.50, suggesting upside of 6.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 187.47 cents and EPS of 187.78 cents.
At the last closing share price the estimated dividend yield is 9.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.12.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 155.8, implying annual growth of N/A.
Current consensus DPS estimate is 116.0, implying a prospective dividend yield of 6.0%.
Current consensus EPS estimate suggests the PER is 12.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 135.65 cents and EPS of 135.35 cents.
At the last closing share price the estimated dividend yield is 7.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.04.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 119.1, implying annual growth of -23.6%.
Current consensus DPS estimate is 72.0, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 16.2.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

HLO    HELLOWORLD TRAVEL LIMITED

Travel, Leisure & Tourism – Overnight Price: $1.62

Jarden rates ((HLO)) as Overweight (2) –

Helloworld Travel’s 1H26 result was a 2.5% beat, Jarden reports, with FY26 earnings guidance reaffirmed and qualitative commentary more positive.

The outlook is positive, the broker suggests, with Helloworld seeing strong forward booking into FY26 and well into FY27, with product mix stable and demand for leisure travel both inbound and outbound strong, in line with the latest industry data.

There are early signs of improving demand and Jarden believes end-market exposure (baby boomers), M&A and an improving return on invested capital all warrant a higher multiple. 

Helloworld’s share price continues to lag those of its peers, commentary points out. Target falls to $2.90 from $3.20, Overweight retained.

This report was published on February 26, 2026.

Target price is $2.90 Current Price is $1.62 Difference: $1.28
If HLO meets the Jarden target it will return approximately 79% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 21.00 cents and EPS of 23.10 cents.
At the last closing share price the estimated dividend yield is 12.96%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.01.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 17.00 cents and EPS of 23.90 cents.
At the last closing share price the estimated dividend yield is 10.49%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.78.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

HMC    HMC CAPITAL LIMITED

Wealth Management & Investments – Overnight Price: $2.41

Jarden rates ((HMC)) as Neutral (3) –

HMC Capital delivered 1H26 pre-tax operating earnings of 10.1c versus consensus of 15.1c,  though the post balance date energy transition deal with KKR adds 8.5c (to be realised in 2H), Jarden notes. FY26 pre-tax guidance of 40c was maintained.

Jarden estimates that $50m of revaluation is required to meet guidance and the latent valuation upside across the platform provides flexibility to manage future earnings, though investors will likely be cautious around earnings quality.

The broker moves its rating to Overweight from Neutral given underperformance and valuation support. Target falls to $3.30 from $4.00.

This report was published on February 26, 2026.

Target price is $3.30 Current Price is $2.41 Difference: $0.89
If HMC meets the Jarden target it will return approximately 37% (excluding dividends, fees and charges).
Current consensus price target is $3.91, suggesting upside of 60.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 12.00 cents and EPS of 34.70 cents.
At the last closing share price the estimated dividend yield is 4.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.95.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 28.4, implying annual growth of -22.7%.
Current consensus DPS estimate is 12.0, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 8.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 12.00 cents and EPS of 31.30 cents.
At the last closing share price the estimated dividend yield is 4.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.70.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.6, implying annual growth of -2.8%.
Current consensus DPS estimate is 12.0, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 8.8.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

IMR    IMRICOR MEDICAL SYSTEMS INC

Medical Equipment & Devices – Overnight Price: $2.00

Canaccord Genuity rates ((IMR)) as Buy (1) –

Canaccord Genuity maintains a Buy rating on Imricor Medical Systems and lifts the target price to $2.33 from $2.06 following progress on key clinical and regulatory milestones.

Recent achievements include the addition of three US hospitals to the VISABL-AFL clinical trial and FDA approval of the NorthStar mapping system, enabling early commercial discussions with US hospitals.

2025 revenue was US$292k with operating costs higher due to clinical trial spending and increased personnel, although the company finished the year well funded with US$40.8m in cash.

The analyst forecasts strong long-term growth as installations of MRI-guided cardiac ablation systems increase globally, projecting revenue to reach US$36m by FY28.

This report was published on February 25, 2026.

Target price is $2.33 Current Price is $2.00 Difference: $0.33
If IMR meets the Canaccord Genuity target it will return approximately 17% (excluding dividends, fees and charges).

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

IRE    IRESS LIMITED

Wealth Management & Investments – Overnight Price: $7.26

Canaccord Genuity rates ((IRE)) as Buy (1) –

Canaccord Genuity retains a Buy rating on Iress and lowers the target price to $10.72 from $11.52 post interim results

Revenue increased 6.5% on the prior year, due to growth in UK Wealth and Sourcing, while adjusted EBITDA rose 15% with margins expanding by 1.9 percentage points following cost reductions and price increases.

Underlying NPAT exceeded broker and consensus expectations by around 6–8%, supported by stronger operating performance and lower depreciation charges.

FY26 guidance implies revenue of $520–528m, cash EBITDA of $116–123m and underlying NPAT of $84–90m, representing mid-teen earnings growth and a cash EBITDA exit run-rate of at least 25%, commentary highlights.

This report was published on February 25, 2026.

Target price is $10.72 Current Price is $7.26 Difference: $3.46
If IRE meets the Canaccord Genuity target it will return approximately 48% (excluding dividends, fees and charges).
Current consensus price target is $11.28, suggesting upside of 52.0%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 EPS of 43.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.88.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 44.8, implying annual growth of 5.1%.
Current consensus DPS estimate is 28.5, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 16.6.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 EPS of 51.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.24.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 47.6, implying annual growth of 6.3%.
Current consensus DPS estimate is 31.5, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 15.6.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

JIN    JUMBO INTERACTIVE LIMITED

Gaming – Overnight Price: $8.67

Jarden rates ((JIN)) as Overweight (2) –

Jumbo Interactive’s weaker Lottery Retailing performance reflects lower jackpot activity in the 1H26, Jarden notes. With its overweight jackpot games exposure, Jumbo’s apparent share loss to 6% of total sales is seen as consistent with the trend in poor jackpot environments.

Reiteration of 46%-50% Australia earnings margin guidance following a challenging 1H26 is encouraging in this context, though Jarden now expects an outcome at the lower end of the guidance range.

While recent underperformance in Australian Lottery Retailing is disappointing, the broker sees Jumbo as having strong leverage to a return-to-trend jackpot activity, and an earnings base diversifying away from domestic lotteries.

Target rises to $12.70 from $12.50, Overweight retained.

This report was published on February 25, 2026.

Target price is $12.70 Current Price is $8.67 Difference: $4.03
If JIN meets the Jarden target it will return approximately 46% (excluding dividends, fees and charges).
Current consensus price target is $12.92, suggesting upside of 50.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 27.80 cents and EPS of 80.10 cents.
At the last closing share price the estimated dividend yield is 3.21%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.82.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 75.8, implying annual growth of 18.2%.
Current consensus DPS estimate is 30.9, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 11.3.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 41.00 cents and EPS of 108.00 cents.
At the last closing share price the estimated dividend yield is 4.73%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.03.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 100.1, implying annual growth of 32.1%.
Current consensus DPS estimate is 39.6, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 8.6.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

LNW    LIGHT & WONDER INC

Gaming – Overnight Price: $129.59

Canaccord Genuity rates ((LNW)) as Buy (1) –

Canaccord Genuity highlights a strong 4Q25 and 2025 result from Light & Wonder, with adjusted EBITDA rising 29% in the quarter and 16% for the full year, modestly ahead of forecasts on strong margin execution.

Free cash flow improved significantly, with conversion reaching 80% of adjusted NPATA for FY25 and 109% in 4Q25, reflecting improved earnings quality.

The broker notes continued market share gains in North American gaming operations and strong machine sales momentum, although international machine sales remain uneven following weaker Australian performance.

SciPlay revenue softened slightly due to issues with the Jackpot Party title, though monetisation improvements and direct-to-consumer conversion partly offset user declines.

Buy rating retained. Target price rises to $195 from $192.

This report was published on February 26, 2026.

Target price is $195.00 Current Price is $129.59 Difference: $65.41
If LNW meets the Canaccord Genuity target it will return approximately 50% (excluding dividends, fees and charges).
Current consensus price target is $207.71, suggesting upside of 56.7%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 772.75 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.77.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1044.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.7.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 848.04 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.28.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1225.8, implying annual growth of 17.3%.
Current consensus DPS estimate is 69.5, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 10.8.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Jarden rates ((LNW)) as Buy (1) –

Light & Wonder delivered 1H26 earnings up 29% year on year and 2% ahead of consensus. Operating leverage remained a key feature, Jarden notes, with earnings margins expanding 500bps year on year to 45%.

FY28 targets were reiterated, with the result providing improved confidence in the path. Well placed heading into FY26, Light & Wonder offers solid multi-channel growth across land-based gaming, iGaming and SciPlay, Jarden notes.

Now trading at 12x FY26 earnings, the stock remains a high conviction Buy for the broker. Target rises to $199 from $195.

This report was published on February 26, 2026.

Target price is $199.00 Current Price is $129.59 Difference: $69.41
If LNW meets the Jarden target it will return approximately 54% (excluding dividends, fees and charges).
Current consensus price target is $207.71, suggesting upside of 56.7%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1191.89 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1044.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.7.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 1403.75 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1225.8, implying annual growth of 17.3%.
Current consensus DPS estimate is 69.5, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 10.8.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

LRK    LARK DISTILLING CO. LIMITED

Food, Beverages & Tobacco – Overnight Price: $0.70

Canaccord Genuity rates ((LRK)) as Speculative Buy (1) –

Canaccord Genuity highlights a solid 1H26 result from Lark Distilling, with net sales rising 10% to $8.7m and operating EBITDA and pre-tax profit ahead of expectations on stronger cost control.

Growth was driven by direct-to-consumer, global travel retail and export sales, while domestic B2B sales were weaker following changes to the distribution model, and gin sales declined year-on-year.

The broker views the company at a key transition point following completion of the brand restage and Pontville site development, with export and global travel retail expansion expected to drive future growth.

Speculative Buy rating unchanged. Target price lowered to $1.29 from $1.34

This report was published on February 25, 2026.

Target price is $1.29 Current Price is $0.70 Difference: $0.585
If LRK meets the Canaccord Genuity target it will return approximately 83% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 11.75.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.10.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MTO    MOTORCYCLE HOLDINGS LIMITED

Automobiles & Components – Overnight Price: $2.68

Moelis rates ((MTO)) as Buy (1) –

First-half revenue for Motorcycle Holdings rose 20.9% on the prior year to $396.4m. Moelis highlights a favourable mix shift toward Mojo and contributions from Peter Stevens and Harley-Heaven (PSHH) supported gross margin expansion to 25.9% from 25.6%.

Profit rose 28.7% to $12.1m, while net debt declined -32.2% to $6.1m, reflecting improved operating performance and working capital management, the analysts explain.

Longer-term opportunities from cost-outs and revenue synergies related to PSHH are noted though management has provided no quantitative guidance on margins or timing.

FY26-28 earnings forecasts fall by between -2-6% reflecting caution around discretionary demand and interest rate sensitivity in the core retail segment.

Moelis retains a Buy rating and lowers its target price to $3.73 from $4.17.

This report was published on February 27, 2026.

Target price is $3.73 Current Price is $2.68 Difference: $1.05
If MTO meets the Moelis target it will return approximately 39% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 18.00 cents and EPS of 31.37 cents.
At the last closing share price the estimated dividend yield is 6.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.54.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 19.60 cents and EPS of 34.40 cents.
At the last closing share price the estimated dividend yield is 7.31%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.79.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NDO    NIDO EDUCATION LIMITED

Childcare – Overnight Price: $0.47

Canaccord Genuity rates ((NDO)) as Buy (1) –

Nido Education delivered a solid 2025 result broadly in line with Canaccord Genuity’s expectations despite challenging industry conditions.

Service and group earnings (EBITDA) were largely consistent with forecasts, while revenue increased 4% y/y and underlying NPAT was close to expectations.

Growth initiatives include 10 centres planned in the incubator program during 2026, two of which have already opened, alongside four potential acquisitions targeted for 1H26.

Commentary highlights management is targeting around 20% EBITDA growth in 2026, supported by improving enquiry levels, higher offers and better conversion rates despite softer occupancy trends.

Buy rated with an unchanged 81c target.

This report was published on February 25, 2026.

Target price is $0.81 Current Price is $0.47 Difference: $0.34
If NDO meets the Canaccord Genuity target it will return approximately 72% (excluding dividends, fees and charges).

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NXT    NEXTDC LIMITED

Cloud services – Overnight Price: $13.00

Canaccord Genuity rates ((NXT)) as Buy (1) –

Canaccord Genuity notes NextDC maintained FY26 revenue and EBITDA guidance following a first half result that exceeded expectations on key operating metrics.

Net revenue of $189m increased 13% on the prior year and was 7% ahead of the broker’s forecast, while underlying earnings (EBITDA) exceeded both the broker’s forecast and consensus expectation.

The company recorded strong growth in contracted capacity, reaching 417MW, while billed capacity rose 29% to 120MW.

Management highlighted a faster-than-expected ramp in contracted capacity converting to billings, with a significant portion of recently signed capacity expected to begin generating revenue in FY27.

Buy rating and $22.55 target price unchanged.

This report was published on February 26, 2026.

Target price is $22.55 Current Price is $13.00 Difference: $9.55
If NXT meets the Canaccord Genuity target it will return approximately 73% (excluding dividends, fees and charges).
Current consensus price target is $20.73, suggesting upside of 52.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -17.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -23.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

RDY    READYTECH HOLDINGS LIMITED

Software & Services – Overnight Price: $1.24

Canaccord Genuity rates ((RDY)) as Hold (3) –

Canaccord Genuity notes ReadyTech’s 1H26 result missed expectations, with revenue rising 6% y/y but coming in around -4 to –6% below forecasts.

Earnings (EBITDA) declined slightly on last year and proved about -7 to -8% below expectations, while underlying net profit of $4.1m was materially weaker than both prior year level and consensus forecast.

Management downgraded FY26 guidance, now expecting revenue of $125–127m and a cash EBITDA margin of 13–15%, implying EBITDA of $16–19m, below prior estimates.

Hold rating with a $2.63 target price retained.

This report was published on February 26, 2026.

Target price is $2.63 Current Price is $1.24 Difference: $1.39
If RDY meets the Canaccord Genuity target it will return approximately 112% (excluding dividends, fees and charges).
Current consensus price target is $2.03, suggesting upside of 64.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 19.2.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.7, implying annual growth of 67.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 11.5.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SCG    SCENTRE GROUP

REITs – Overnight Price: $3.69

Jarden rates ((SCG)) as Upgrade to Neutral from Underweight (3) –

2025 results from Scentre Group were in line with estimates, while the maiden 2026 FFO guidance of 23.73c missed Jarden’s expectations because of higher base rates and a lower expected benefit from debt refinancing. 

The broker suspects many investors had already anticipated a soft result, judging by the share price reaction.  Mall fundamentals remain strong, although Jarden’s relatively dovish house view on rates supports a rotation into the more cyclical residential names where prices have rebased.

Rating is upgraded to Neutral from Underweight and the target reduced to $4.15 from $4.40.

This report was published on February 25, 2026.

Target price is $4.15 Current Price is $3.69 Difference: $0.46
If SCG meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $4.25, suggesting upside of 15.1%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 18.40 cents and EPS of 24.00 cents.
At the last closing share price the estimated dividend yield is 4.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.38.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.6, implying annual growth of -30.9%.
Current consensus DPS estimate is 18.2, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 15.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 18.80 cents and EPS of 24.50 cents.
At the last closing share price the estimated dividend yield is 5.09%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 24.5, implying annual growth of 3.8%.
Current consensus DPS estimate is 19.3, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 15.1.

Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SDF    STEADFAST GROUP LIMITED

Insurance – Overnight Price: $4.18

Jarden rates ((SDF)) as Overweight (2) –

While Steadfast Group’s 1H26 result missed at the profit line in challenging industry conditions, Jarden sees early signs of commercial premium rate cycle troughing.

Management noted that January rates have modestly reaccelerated to 2.7% growth (from 2.4% in 1H26), alongside a deliberate pivot toward fees and commissions to reduce rate sensitivity. 

As such, Jarden sees improving prospects of a premium rate cycle inflection, which the broker expects to support an improvement in earnings quality as organic growth recovers.

Whilst the AI disruption narrative continues to weigh on sector sentiment, the broker characterises this as a gradual capability transition rather than near-term binary risk. Target falls to $5.75 from $6.30, Overweight retained.

This report was published on February 26, 2026.

Target price is $5.75 Current Price is $4.18 Difference: $1.57
If SDF meets the Jarden target it will return approximately 38% (excluding dividends, fees and charges).
Current consensus price target is $5.62, suggesting upside of 32.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 20.80 cents and EPS of 29.10 cents.
At the last closing share price the estimated dividend yield is 4.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 31.3, implying annual growth of 3.1%.
Current consensus DPS estimate is 21.4, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 13.5.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 22.10 cents and EPS of 30.90 cents.
At the last closing share price the estimated dividend yield is 5.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.53.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 33.5, implying annual growth of 7.0%.
Current consensus DPS estimate is 22.2, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 12.6.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SDR    SITEMINDER LIMITED

Travel, Leisure & Tourism – Overnight Price: $3.02

Canaccord Genuity rates ((SDR)) as Upgrade to Buy from Hold (1) –

Canaccord Genuity upgrades SiteMinder to Buy from Hold, arguing recent share price weakness has created a more attractive risk-reward profile and that concerns around AI disruption to the company’s competitive position are overstated.

The broker notes solid 1H26 metrics including ARR of $280.3m, up 30% y/y and ahead of forecasts, while revenue rose 26% and free cash flow turned positive at $2.8m.

Management reiterated FY26 guidance with growth expected to trend toward 30%, supported by strong uptake of Smart products including Smart Distribution and Direct Revenue Plus.

Target price is cut to $4.96 from $7.67 following a shift to a lower valuation multiple.

This report was published on February 25, 2026.

Target price is $4.96 Current Price is $3.02 Difference: $1.94
If SDR meets the Canaccord Genuity target it will return approximately 64% (excluding dividends, fees and charges).
Current consensus price target is $7.35, suggesting upside of 136.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 274.55.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.2, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 48.71.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 5.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 56.4.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SDV    SCIDEV LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $0.24

Canaccord Genuity rates ((SDV)) as Downgrade to Speculative Buy from Buy (1) –

Canaccord Genuity downgrades SciDev to Speculative Buy from Buy and lowers the target price to $0.40 from $0.60 following a weaker than expected 1H26 result.

Revenue was some -20% below the broker’s forecast and down -10% on the prior half, while earnings (EBITDA) fell to $1.1m as gross margins declined and one key US customer significantly reduced volumes.

The earnings miss was largely attributed to the loss of volume from a major xSlik contract, which reduced EBITDA by about -$3.6m, although underlying business activity excluding the contract remained broadly solid.

FY26 guidance implies revenue of $100–110m and EBITDA of $5m or higher, suggesting a stronger second half supported by higher margins and growth in the Energy Services segment.

This report was published on February 25, 2026.

Target price is $0.40 Current Price is $0.24 Difference: $0.16
If SDV meets the Canaccord Genuity target it will return approximately 67% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.00.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.00.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SIG    SIGMA HEALTHCARE LIMITED

Health & Nutrition – Overnight Price: $2.76

Jarden rates ((SIG)) as Upgrade to Buy from Overweight (1) –

Sigma Healthcare posted first half earnings that were in line with expectations albeit the composition was different to what Jarden anticipated. Sales were ahead of forecasts while margin expansion was softer.

Going forward, the broker surmises the risks are to the upside for earnings with the international roll-out and synergies on track. The main challenge is to confidently forecast revenue outcomes going forward, as well as leverage. 

Forecasts are largely unchanged and the broker, liking the health exposure, market position and high incremental returns on capital, upgrades to Buy from Overweight. Target of $3.60 is unchanged.

This report was published on February 27, 2026.

Target price is $3.60 Current Price is $2.76 Difference: $0.84
If SIG meets the Jarden target it will return approximately 30% (excluding dividends, fees and charges).
Current consensus price target is $3.22, suggesting upside of 15.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 3.80 cents and EPS of 6.40 cents.
At the last closing share price the estimated dividend yield is 1.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 43.12.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.3, implying annual growth of 24.5%.
Current consensus DPS estimate is 4.1, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 44.3.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 4.60 cents and EPS of 7.70 cents.
At the last closing share price the estimated dividend yield is 1.67%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 35.84.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 7.6, implying annual growth of 20.6%.
Current consensus DPS estimate is 4.9, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 36.7.

Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SKT    SKY NETWORK TELEVISION LIMITED

Print, Radio & TV – Overnight Price: $2.82

Jarden rates ((SKT)) as Downgrade to Neutral from Overweight (3) –

Sky Network Television has done a good job in stabilising the business over the last three years, Jarden asserts, although structural pressures continue with the company falling short of its three-year revenue objectives.

Of most concern to the broker is the fact core subscriber numbers are shrinking, falling to 825,000 in the first half, although the company has used price to help revenue and in this regard the remaining customers are “arguably higher quality”.

The broker envisages an increased risk that sport is used to cover most of the overhead imposts as entertainment appears increasingly weak.

Jarden downgrades to Neutral from Overweight on a more balanced risk/reward assessment. Target is raised to NZ$3.30 from NZ$3.15.

This report was published on February 26, 2026.

Current Price is $2.82. Target price not assessed.
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 26.84 cents and EPS of 25.59 cents.
At the last closing share price the estimated dividend yield is 9.52%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.02.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 26.84 cents and EPS of 31.21 cents.
At the last closing share price the estimated dividend yield is 9.52%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.04.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SSM    SERVICE STREAM LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $2.00

Canaccord Genuity rates ((SSM)) as Buy (1) –

Service Stream delivered 1H26 EBITDA of $75.3m, broadly in line with expectations, with margin improvement to 6.3% helping offset a -6% y/y decline in revenue.

Revenue of $1.19bn reflected lower Telecommunications activity following completion of several prior work programs, while Utilities delivered strong performance with earnings (EBITDA) rising 31% and margins expanding to 5.5%.

The broker observes the company reported work in hand of $9.2bn and secured $2.2bn in new contracts and extensions during the period, providing visibility over roughly 80% of FY27 expected revenue.

Buy rating and $2.60 target price retained. Forecasts are tweaked slightly higher.

This report was published on February 26, 2026.

Target price is $2.60 Current Price is $2.00 Difference: $0.605
If SSM meets the Canaccord Genuity target it will return approximately 30% (excluding dividends, fees and charges).
Current consensus price target is $2.68, suggesting upside of 35.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 6.50 cents and EPS of 11.90 cents.
At the last closing share price the estimated dividend yield is 3.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.6, implying annual growth of 20.1%.
Current consensus DPS estimate is 6.2, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 17.0.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 8.00 cents and EPS of 14.20 cents.
At the last closing share price the estimated dividend yield is 4.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.9, implying annual growth of 19.8%.
Current consensus DPS estimate is 6.7, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 14.2.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SUL    SUPER RETAIL GROUP LIMITED

Automobiles & Components – Overnight Price: $15.15

Jarden rates ((SUL)) as Overweight (2) –

Jarden found few surprises in Super Retail’s first half results, which were previously guided, noting quality and the outlook have improved. Cash flow was strong and capital expenditure lower while inventory was “clean”.

The broker remains positive on the stock and retains an Overweight rating noting a number of catalysts exist, the macro environment notwithstanding.

The next catalyst could be the strategy briefing in June. Jarden suspects new CEO Paul Brayshaw’s attention will be on cementing the company’s position as a category killer, which could drive a material re-rating of multiples. Target is raised to $17.20 from $16.80.

This report was published on February 26, 2026.

Target price is $17.20 Current Price is $15.15 Difference: $2.05
If SUL meets the Jarden target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $16.68, suggesting upside of 8.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 71.00 cents and EPS of 96.50 cents.
At the last closing share price the estimated dividend yield is 4.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.70.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 98.0, implying annual growth of -0.2%.
Current consensus DPS estimate is 64.0, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 15.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 79.00 cents and EPS of 109.10 cents.
At the last closing share price the estimated dividend yield is 5.21%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.89.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 113.5, implying annual growth of 15.8%.
Current consensus DPS estimate is 73.1, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 13.6.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TAH    TABCORP HOLDINGS LIMITED

Gaming – Overnight Price: $1.03

Jarden rates ((TAH)) as Overweight (2) –

Tabcorp Holdings delivered a strong 1H26 result, Jarden suggests, despite below-average wagering yields. Profit was 34% ahead of consensus with earnings up 19% year driven by the full-six month benefit of the reformed Victorian Wagering licence and continued cost discipline.

Importantly for Jarden, the outlook improved following early signs that wagering turnover is stabilising. Additionally, reported leverage was lowered to 1.5x which has Tabcorp better placed to self-fund its broader based strategy, including reinvestment across retail, content and tote.

Target rises to $1.05 from 95c, Overweight retained.

This report was published on February 26, 2026.

Target price is $1.05 Current Price is $1.03 Difference: $0.02
If TAH meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $1.10, suggesting upside of 8.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 1.60 cents and EPS of 2.50 cents.
At the last closing share price the estimated dividend yield is 1.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 41.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 3.0, implying annual growth of 87.5%.
Current consensus DPS estimate is 2.3, implying a prospective dividend yield of 2.3%.
Current consensus EPS estimate suggests the PER is 34.0.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 2.20 cents and EPS of 3.30 cents.
At the last closing share price the estimated dividend yield is 2.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.21.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 3.6, implying annual growth of 20.0%.
Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 28.3.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

VAU    VAULT MINERALS LIMITED

Gold & Silver – Overnight Price: $5.59

Jarden rates ((VAU)) as Neutral (3) –

Vault Minerals delivered a strong first half result with underlying EBITDA of $385m at a 47% margin although Jarden notes, unfortunately, the -$173m cost in hedge closures obscured the strength.

The business is now effectively hedge free and the broker considers the second half will be an inflection point for cash generation.

Estimates for the second half EBITDA of $705m represent an increase of 83% on the first half, underpinned by gold sold at an average realised price of more than $6800/oz.

The declaration of a maiden dividend was consistent with what Jarden believes is a disciplined and well-executed capital management plan. Neutral retained. Target is $3.70.

This report was published on February 27, 2026.

Target price is $3.70 Current Price is $5.59 Difference: minus $1.89 (current price is over target).
If VAU meets the Jarden target it will return approximately minus 34% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $7.62, suggesting upside of 37.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 20.00 cents and EPS of 57.10 cents.
At the last closing share price the estimated dividend yield is 3.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.79.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 48.9, implying annual growth of 115.9%.
Current consensus DPS estimate is 8.0, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 11.3.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 18.00 cents and EPS of 52.50 cents.
At the last closing share price the estimated dividend yield is 3.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.65.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 75.2, implying annual growth of 53.8%.
Current consensus DPS estimate is 9.7, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 7.4.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

VSL    VULCAN STEEL LIMITED

Steel & Scrap – Overnight Price: $6.53

Jarden rates ((VSL)) as Neutral (3) –

Vulcan Steel posted a first half result that showed early signs of volumes recovering, although Jarden notes margin and industry profitability are under pressure.

Adjusted EBITDA was largely flat year-on-year and in line with expectations.

While the broker finds evidence FY25 likely marked a trough, commentary posits the pace of earnings recovery remains dependent on a sustained volume uplift and improved pricing discipline throughout FY26 and into FY27.

Neutral rating retained. Target edges up to NZ$8.28 from NZ$8.27.

This report was published on February 24, 2026.

Current Price is $6.53. Target price not assessed.
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 10.20 cents and EPS of 17.00 cents.
At the last closing share price the estimated dividend yield is 1.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.41.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 29.80 cents and EPS of 49.57 cents.
At the last closing share price the estimated dividend yield is 4.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.17.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

WDS    WOODSIDE ENERGY GROUP LIMITED

NatGas – Overnight Price: $30.75

Jarden rates ((WDS)) as Downgrade to Neutral from Overweight (3) –

Woodside Energy’s 2025 result was viewed as solid and largely in line with Jarden’s expectations, reflecting strong operational performance but limited new updates

Underlying NPAT of US$2.65bn came in slightly ahead of forecasts, supporting a final dividend of US$0.59 at the top end of the company’s 50–80% payout range.

Management characterised calendar 2026 as a transition year, with key priorities including completing the Scarborough LNG project, progressing further sell-downs of Louisiana LNG, and securing additional LNG contracts.

Jarden lifted earnings forecasts following a Sangomar reserve upgrade, which lowers depreciation costs and increases forecast EPS and DPS, although dividends are still expected to fall materially from 2025 levels.

Jarden downgrades the stock to Neutral from Overweight with a $26.25 target price, up from $25.20 previously.

This report was published on February 24, 2026.

Target price is $26.25 Current Price is $30.75 Difference: minus $4.5 (current price is over target).
If WDS meets the Jarden target it will return approximately minus 15% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $27.78, suggesting downside of -7.6%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 97.55 cents and EPS of 124.22 cents.
At the last closing share price the estimated dividend yield is 3.17%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.75.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 131.4, implying annual growth of N/A.
Current consensus DPS estimate is 88.3, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 22.9.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 91.45 cents and EPS of 116.75 cents.
At the last closing share price the estimated dividend yield is 2.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.34.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 140.1, implying annual growth of 6.6%.
Current consensus DPS estimate is 111.2, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 21.5.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

WOW    WOOLWORTHS GROUP LIMITED

Food, Beverages & Tobacco – Overnight Price: $35.94

Jarden rates ((WOW)) as Overweight (2) –

Woolworths Group produced a first half result that beat estimates and was “high-quality”, Jarden observes. Customer metrics improved, costs were controlled and capital expenditure guidance was lower.

The broker upgrades EPS estimates by 2-4% and, while noting a number of tailwinds will moderate and the market remains competitive, envisages improving like-for-like momentum and positive customer and supplier engagement.

Overweight retained. Target rises to $35.30 from $31.00.

This report was published on February 26, 2026.

Target price is $35.30 Current Price is $35.94 Difference: minus $0.64 (current price is over target).
If WOW meets the Jarden target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $36.19, suggesting upside of 2.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 92.00 cents and EPS of 131.90 cents.
At the last closing share price the estimated dividend yield is 2.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 129.5, implying annual growth of 64.2%.
Current consensus DPS estimate is 97.5, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 27.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 103.00 cents and EPS of 146.70 cents.
At the last closing share price the estimated dividend yield is 2.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 145.7, implying annual growth of 12.5%.
Current consensus DPS estimate is 108.7, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 24.4.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

WPR    WAYPOINT REIT LIMITED

REITs – Overnight Price: $2.51

Jarden rates ((WPR)) as Neutral (3) –

Waypoint REIT produced 2025 results that were in line with Jarden’s estimates. Initial guidance for 2026 has surprised the broker with high levels of hedging providing protection for the short term and the business returning towards historical levels of growth.

Minimal risk is envisaged to meeting guidance with most expiries having been worked through. Estimates for FFO are increased by 1.4% for 2026 and 1.1% for 2027.

Neutral retained. Target is reduced to $2.77 from $2.80.

This report was published on February 26, 2026.

Target price is $2.77 Current Price is $2.51 Difference: $0.26
If WPR meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $2.58, suggesting upside of 2.5%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 17.10 cents and EPS of 17.10 cents.
At the last closing share price the estimated dividend yield is 6.81%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.68.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.0, implying annual growth of -43.7%.
Current consensus DPS estimate is 16.8, implying a prospective dividend yield of 6.7%.
Current consensus EPS estimate suggests the PER is 14.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 17.60 cents and EPS of 17.60 cents.
At the last closing share price the estimated dividend yield is 7.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.26.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is N/A, implying annual growth of N/A.
Current consensus DPS estimate is 16.8, implying a prospective dividend yield of 6.7%.
Current consensus EPS estimate suggests the PER is N/A.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

WTC    WISETECH GLOBAL LIMITED

Cloud services – Overnight Price: $44.40

Jarden rates ((WTC)) as Upgrade to Buy from Overweight (1) –

Jarden, while finding a number of unanswered questions following the first half result, upgrades WiseTech Global to Buy from Overweight.

The most significant new information in the result was the news the company will lower product & development and customer service personnel by up to -50%, as part of an acceleration of its AI transformation, commentary states.

A net cost saving estimate has not been provided but the broker calculates, using conservative estimates of salaries, annualised gross cost savings by FY28 of US$180m.

Jarden lifts EPS estimates for FY27 FY28 by 7% but takes a more conservative view on CargoWise, which drives longer term downgrades. Target is reduced to $63 from $74.

This report was published on February 26, 2026.

Target price is $63.00 Current Price is $44.40 Difference: $18.6
If WTC meets the Jarden target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $86.80, suggesting upside of 85.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 22.41 cents and EPS of 99.53 cents.
At the last closing share price the estimated dividend yield is 0.50%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 44.61.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 105.8, implying annual growth of N/A.
Current consensus DPS estimate is 23.6, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 44.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 34.90 cents and EPS of 172.99 cents.
At the last closing share price the estimated dividend yield is 0.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 145.3, implying annual growth of 37.3%.
Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 32.3.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.

This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

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