Lookers has announced a fourth upgrade to 2021 forecasts following an unscheduled H1 trading update yesterday. As a result, we are lifting our current year forecast for underlying PBT by 19% from £51.2m to £60.8m. In what is expected to be an exceptionally strong period for Lookers, we expect the Group to deliver EPS of 12.5p in 2021E, close to what our previous blue-sky EPS was of 13.2p back in February. However, we assume this level of performance is not sustained going into 2022E and 2023E as ....
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Lookers Plc (LOOK LN) - Another 2021 upgrade
- Published:
30 Jul 2021 -
Author:
Rachel Birkett, CFA -
Pages:
6
Lookers has announced a fourth upgrade to 2021 forecasts following an unscheduled H1 trading update yesterday. As a result, we are lifting our current year forecast for underlying PBT by 19% from £51.2m to £60.8m. In what is expected to be an exceptionally strong period for Lookers, we expect the Group to deliver EPS of 12.5p in 2021E, close to what our previous blue-sky EPS was of 13.2p back in February. However, we assume this level of performance is not sustained going into 2022E and 2023E as ....