Analysts express mixed reaction to Fletcher results

While some analysts express concern over whether Fletcher can hang on, others are more confident. (Image: Fletcher Building)

Ben Moore

Fri, 16 Feb 2024

Analysts have softened their outlook on Fletcher Building following the construction firm’s half-year results.The company has been embattled this week as it missed even the most conservative analyst estimate for earnings before interest and tax (Ebit) in the first half of its 2024 financial year, ending Dec 31.In the wake of the release, chair Bruce Hassall and chief executive Ross Taylor announced their departure, and analysts got to revise down their expectations of Fletcher’s Ebit for the full 2024 year.Looking at the latest anal...

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