TClarke cumulatively outperformed our original FY18 EPS forecast by 32% and by 2% on our latest forecast. The order book is at another record high of £430m at February 2019, supporting a strong outlook for the Group as it continues to outperform the wider construction market. We have upgraded our FY19 PBT forecast by 8% and introduce an FY20 forecast which implies PBT growth of 6%. We believe strong earnings momentum and revenue visibility should support a higher share price and believe a premiu ....
27 Mar 2019
Another year of outperformance
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Another year of outperformance
TClarke plc (CTO:LON) | 161 0 0.0% | Mkt Cap: 85.0m
- Published:
27 Mar 2019 -
Author:
Greg Poulton -
Pages:
3
TClarke cumulatively outperformed our original FY18 EPS forecast by 32% and by 2% on our latest forecast. The order book is at another record high of £430m at February 2019, supporting a strong outlook for the Group as it continues to outperform the wider construction market. We have upgraded our FY19 PBT forecast by 8% and introduce an FY20 forecast which implies PBT growth of 6%. We believe strong earnings momentum and revenue visibility should support a higher share price and believe a premiu ....