Weak earnings ahead, but downswing ending: ForBarr

Tourism Holdings' outlook is better than Air NZ's, Forsyth Barr suggests. (Image: Supplied)

Fri, 02 Feb 2024

Some of New Zealand’s largest listed companies are in broker Forsyth Barr’s sights for weak results in the upcoming earnings season, even as the firm suggests the six months to Dec 31 may have been the bottom of the cycle.Air NZ is labelled as “expensive” and expected to announce “meaningful downgrades” to previous earnings guidance, while the slower-than-anticipated return of international air travellers will likely weigh on Auckland International Airport’s result.Also in the “negative” cat...

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