Analysts upbeat about Xero's upcoming 1H report

(Image: NZME)

Wed, 06 Nov 2024

Analysts are upbeat about Australian Securities Exchange-listed Xero’s upcoming results for the six months to Sep 30.Jarden analysts are forecasting 24.5% revenue growth to $995 million, underlying Ebitda growth of 28% to $262.3m and a reported net profit of $104m versus $52.5m in the prior period.They said two areas that might surprise are subscriber growth and operating costs. Regarding subscribers, excluding the removal of 150,000 idle subscribers, their 1H forecast assumes growth of 202,000. The cloud accounting company added 204...

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