Goodman EPS Guidance: 'A Floor, Not a Ceiling'
Goodman EPS Guidance: 'A Floor, Not a Ceiling'
Property owner Goodman disappointed investors expecting an FY 2026 earnings guidance upgrade today, but its bull at Citi thinks a beat could happen anyway.
Citi Analyst: Management Deliberately Conservative
Goodman said it's on track to deliver at least 9% growth in operating EPS. 'We view management's stance as deliberately conservative,' says analyst Howard Penny.
Citi points out that fair value gains underpinning performance fees and feasibility assumptions have been held at prudent levels. 'Our view is that realized performance fees and continued development completions represent upside risk to EPS beyond the stated 9% target,' Citi says.
As development projects complete and market valuations crystallize, performance fees are likely to surprise positively. Goodman is down 4.6% at A$28.66.
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