Other Industrials

NRW Holdings has clarified its loss of contract work due to Fortescue’s expansion deferral, but brokers agree the impact is minimal.

Despite a record interim result Boart Longyear has slashed full year earnings guidance to reflect weaker exploration expenditure and brokers have been quick to adjust ther models accordingly.

A better than expected result was accompanied by solid guidance for FY13 and sees Buy ratings continue to dominate for NRW Holdings.

Update on share prices and consensus price targets. Today’s feature: Monadelphous, the end of the gold medal performance?

Weekly update on recommendation, target price, and earnings forecast changes.

A solid full year profit result was offset by weaker guidance for FY13 but most brokers continue to rate Brambles as a Buy.

HR group Chandler Macleod posted a solid full year profit result and given expectations of further growth Moelis retains a Buy rating.

Downer EDI has beaten expectations with its full year profit result and guidance to further solid earnings growth in the coming year supports a majority of Buy ratings for the stock.

Full year earnings for Bradken met market expectations and with brokers continuing to forecast solid earnings growth in coming years, Buy ratings dominate for the stock.

Outlook commentary accompanying upcoming engineering and construction company results is seen as a key for stocks in the sector as brokers update their preferred exposures.