In our July update, we noted there was scope for Solid State to upgrade FY20 guidance depending on Pacer’s performance and margin contribution from individual manufacturing contracts. After a strong start to the year, management has announced that FY20 profits will be significantly ahead of expectations, while revenues remain in line with the original consensus. Consensus FY20 and FY21 EPS estimates have been raised by 14% and 9%, respectively. The shares continue to trade at a substant
10 Sep 2019
Solid State - Management raises FY20 profit guidance
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Solid State - Management raises FY20 profit guidance
Solid State plc (SOLI:LON) | 1,345 0 0.0% | Mkt Cap: 152.6m
- Published:
10 Sep 2019 -
Author:
Anne Margaret Crow -
Pages:
2
In our July update, we noted there was scope for Solid State to upgrade FY20 guidance depending on Pacer’s performance and margin contribution from individual manufacturing contracts. After a strong start to the year, management has announced that FY20 profits will be significantly ahead of expectations, while revenues remain in line with the original consensus. Consensus FY20 and FY21 EPS estimates have been raised by 14% and 9%, respectively. The shares continue to trade at a substant