Jarden analyst raises Fletcher Building earnings forecasts

Jarden analyst Grant Swanepoel worries the industry will add too much capacity. (Image: supplied)

Tue, 25 Jan 2022

An analyst has raised his forecast earnings for Fletcher Building, citing its strong momentum and some evidence the company has been able to increase prices.Jarden analyst Grant Swanepoel is forecasting the company will report first-half earnings before interest and tax of $311 million next month and has raised his full-year forecast to ebit of $721m from $701m previously.That compares with the Bloomberg consensus forecast of $715m."In a recent update in December 2021, it was clear to us that the company had been trading well, volumes were...

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