(Alliance News) - The one closed Wednesday was a rallying session for Maire Tecnimont, having finished in the green by 6.8 percent at EUR7.99 per share and taking the lead in the list.
As Milano Finanza writes on Thursday, in view of the third-quarter results due on October 24, which are expected to grow, Jefferies confirmed the "buy" rating and target price at EUR10, but in the best-case scenario the target price is set at EUR12.
Specifically, as the financial newspaper recalls, as for the quarterly earnings report, Jefferies expects revenues to increase by 10 percent from the previous quarter to EUR1.502 billion, just below the consensus estimate at EUR1.538 billion, thanks to the advancement of the Hail & Ghasha E&C project, with further revenue growth of 20 percent in the fourth quarter of 2024.
Ebitda is also seen rising to EUR99 million-it is EUR01 million the consensus estimate-from EUR75 million in the third quarter of 2023 with Ebitda margin at 6.6 percent from 5.5 percent.
As for profit, Jefferies forecasts it at EUR55 million - EUR53 is the consensus forecast - up from EUR35 million in the third quarter of 2023.
By Claudia Cavaliere, Alliance News reporter
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