Dart Group reported FY18 results in line with our expectations. However, the Group points to strengthening demand year-to-date supporting Group expectations for PBT to “substantially” exceed current market expectations. We therefore adjust FY19 earnings forecasts, resulting in near 60% upgrades and reiterate our buy rating.
12 Jul 2018
Bullseye! – Substantial FY19 Upgrades
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Bullseye! – Substantial FY19 Upgrades
Jet2 PLC (JET2:LON) | 1,440 331.3 1.6% | Mkt Cap: 3,092m
- Published:
12 Jul 2018 -
Author:
Andrew Simms -
Pages:
5
Dart Group reported FY18 results in line with our expectations. However, the Group points to strengthening demand year-to-date supporting Group expectations for PBT to “substantially” exceed current market expectations. We therefore adjust FY19 earnings forecasts, resulting in near 60% upgrades and reiterate our buy rating.