Analysts jittery about Spark's 'rare' downgrade

Dependable no more? (Image: NZME)

Wed, 08 May 2024

Analysts are jittery about Spark’s unusual move to lower its full-year earnings guidance. “Spark has proven dependable in recent years, consistently delivering into a reasonably tight guidance range set at the start of the year. This has come unstuck in FY24,” Jarden analysts Arie Dekker and Grant Lowe said.Early this week, the telco cut its earnings before investment, taxes, depreciation, amortisation and interest (Ebitdai) guidance to $1.17 billion to $1.21b, down from $1.215b to $1.26b.Spark reiterated seeing publ...

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