Progressive publishes new research
Market's questions answered
MJ Hudson's Q3 FY22 trading update, issued on Thursday 12 May, revealed that the company's results for the full year are expected to be significantly ahead of our, and the market's, expectations. Adjusted EBITDA for the year is expected to be at least £8.3m, against our estimate of £7.5m and a prior-year figure of £5.6m. We have adjusted our forecasts for both FY22 and FY23 following this statement (see table overleaf), with our FY23 Adjusted EBITDA estimate going from £9.0m to £10.5m. The key drivers to the strong performance are the company's 'three transformative growth areas': ESG & Sustainability, the Irish Super ManCo and Luxembourg fund services.
Click here for full analysis
|
Subscribe to Progressive's research, which is freely available to every type of investor, and be kept informed about our regular programme of investor engagement.
About Progressive:
Progressive helps you make informed investment decisions. FCA authorised and regulated, and with a 15-strong team of highly experienced analysts, we provide freely available institutional grade equity research and access to company management teams across every sector of the market.
www.progressive-research.com
Broad coverage
| Analyst calibre
| |||
across 12 sectors | ||||
| ||||
Business Services | Oil & Gas | 15 | with average | 20 |
Financials | Property | experience of | ||
Healthcare | Retail |
| ||
Industrials | Technology | 30+ |
| techMARK |
Investment Trusts | Telecoms | industry based | Extel | |
Mining | Utilities | awards | StarMine |
For further information please contact:
Keith Hodgskiss
+44 (0) 20 7781 5300
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.