Judging from Ord Minnet's initial analysis, market consensus was clearly positioned for a "miss" with WiseTech Global's FY20 arriving near the bottom of its guidance range, and beating all and sundry!
FY21 revenue guidance is some -4% below expectations, but lower costs will support a higher EBITDA outcome, if company guidance proves accurate.
Sector: Software & Services.
Target price is $19.60.Current Price is $26.29. Difference: ($6.69) - (brackets indicate current price is over target). If WTC meets the Ord Minnett target it will return approximately -34% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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