- WiseTech has revised its forecast for EBITDA for the fiscal year, now expecting between A$600 million to A$660 million. The previous forecast was A$660 million to A$700 million, while analysts estimated A$684.5 million.
- Revenue projections have been adjusted to A$1.20 billion to A$1.30 billion, down from the earlier estimate of A$1.30 billion to A$1.35 billion. Analysts’ estimates were around A$1.33 billion.
- The EBITDA margin is now expected to be between 50% to 51%, compared to the previous forecast of 51% to 52%.
- ComplianceWise was successfully released in the first quarter as planned. The development of CargoWise Next is proceeding broadly on track.
- The commercial launch of the Container Transport Optimization tool has been delayed due to distractions from recent media attention and organizational changes. It is now anticipated to launch in the second half of FY25.
- The market sentiment about WiseTech includes 11 buy ratings, 6 hold ratings, and 1 sell rating from analysts.
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Wisetech Global on Smartkarma
Analysts on Smartkarma, like Brian Freitas, have been closely monitoring the recent developments around Wisetech Global. In a recent research report titled “S&P/ASX Index Rebalance (June 2024): Changes, Flows, Impact, Shorts & Positioning,” Freitas highlighted the surprise addition of Wisetech Global to the ASX50. This unexpected move suggests that there may be lower positioning compared to passive buying, potentially leading to a rise in the stock price. The report also mentioned upcoming changes in the ASX20, ASX50, and ASX100 indices, including a race between Codan and Judo Capital to replace CSR. Investors are advised to keep an eye on these shifts for potential investment opportunities.
As per the insights shared by Brian Freitas, the inclusion of Wisetech Global in the ASX50 has caught the attention of analysts and investors alike. With only one change each expected in the S&P/ASX20 and S&P/ASX50 indices, and two changes in the S&P/ASX100 index, the addition of Wisetech Global stands out as a significant update. This unexpected move could impact the stock positively, with a likely increase in demand. Additionally, an adhoc inclusion to the S&P/ASX 200 index is anticipated following Cie De Saint-Gobain’s acquisition of CSR Ltd. Investors are advised to stay informed about these changes to make informed decisions regarding Wisetech Global‘s stock.
A look at Wisetech Global Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Wisetech Global, a company specializing in technology and information management solutions, has received varying Smart Scores across different factors. With a strong momentum score of 5 and a solid growth score of 4, the company is positioned for future expansion and market strength. Additionally, its resilience score of 3 indicates a moderate level of stability in the face of challenges. However, Wisetech Global lags behind in terms of value and dividend scores, receiving a 2 in both categories.
Despite facing challenges in value and dividend factors, Wisetech Global‘s overall outlook appears positive, driven by its strong performance in growth and momentum. The company’s focus on technology platforms and logistics solutions positions it well for continued growth and market relevance. Investors may find Wisetech Global an attractive prospect for long-term investment based on its strategic positioning in the technology and logistics sectors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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