Forsyth Barr and Jarden give verdicts on results season: one for the books

Spark – where Jolie Hodson (left) is CEO and Justine Smythe is chair – had an unusual miss with its result. (Image: Spark)

Rebecca Stevenson

Fri, 13 Sep 2024

Are we finally at the bottom of the cycle? Analysts have run the numbers over the recent results season and it was one for the record books – but not in a good way.Forsyth Barr said its team had pulled back earnings estimates for the coming two financial years across the board, “resulting in the highest number of downgrades since our records began”. Its analysts said true market surprise was high for the wrong reasons, with double the number of firms underperforming the benchmark based on a three-day post-result pric...

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