This new Q3 update is a welcome addition to QTX reporting calendar, particularly as it reveals impressive resilience through the pandemic; far better performance than originally thought. Management expects FY 2020 revenue and FCF to be in line with consensus forecasts but with earnings substantially ahead. There is a caveat on the impact of the second wave of COVID-19, but so close to YE the risk is relatively low and we raise our forecasts appropriately. Fleet is the driver; despite the impact ....

22 Oct 2020
Quartix - Strong Fleet recovery drives an earnings upgrade

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Quartix - Strong Fleet recovery drives an earnings upgrade
Quartix Technologies PLC (QTX:LON) | 251 5 0.8% | Mkt Cap: 121.6m
- Published:
22 Oct 2020 -
Author:
Michael Hill | Cavendish Research -
Pages:
3 -
This new Q3 update is a welcome addition to QTX reporting calendar, particularly as it reveals impressive resilience through the pandemic; far better performance than originally thought. Management expects FY 2020 revenue and FCF to be in line with consensus forecasts but with earnings substantially ahead. There is a caveat on the impact of the second wave of COVID-19, but so close to YE the risk is relatively low and we raise our forecasts appropriately. Fleet is the driver; despite the impact ....