Alpha released a strong pre-close statement this morning for the year ending 31-Mar, with the group expecting full year revenue and adj. EBITDA to be significantly ahead of market expectations. We raise our FY22E and FY23E revenue forecasts by +8.3% and +5.2% respectively, and our EBITDA estimates by +11.3% and +2.8%. On the back of today's upgrade, we increase out PT to 600p and reiterate our BUY.
07 Apr 2022
Alpha FMC - Ahead Again – Reiterate Buy
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Alpha FMC - Ahead Again – Reiterate Buy
Alpha Financial Markets Consulting PLC (AFM:LON) | 442 22.1 1.1% | Mkt Cap: 539.9m
- Published:
07 Apr 2022 -
Author:
Stephen Barrett -
Pages:
5
Alpha released a strong pre-close statement this morning for the year ending 31-Mar, with the group expecting full year revenue and adj. EBITDA to be significantly ahead of market expectations. We raise our FY22E and FY23E revenue forecasts by +8.3% and +5.2% respectively, and our EBITDA estimates by +11.3% and +2.8%. On the back of today's upgrade, we increase out PT to 600p and reiterate our BUY.