Size of Orora's Saverglass Earnings Downgrade Surprises Jefferies -- Market Talk

Dow Jones

Apr 10

2247 GMT [Dow Jones]--Jefferies had expected soft conditions in glass manufacturing, with data pointing to weak demand for spirits. But the magnitude of deterioration in Orora's Saverglass division caught Jefferies by surprise. Orora reset its Ebit forecast for Saverglass to 63 million-68 million euros. That represented an 18% downgrade at the midpoint of the range, and marks the third downgrade since Orora acquired the business in 2023. "We cut EPS 14% in FY26, but more than 20% in FY27-28 reflecting annualization of 2H26 trends into next year and removal of buybacks from estimates," analyst Ramoun Lazar says. Data still look weak and the consumer is under pressure due to the Middle East conflict. "We see ongoing risks to near-term earnings and a stock lacking catalysts," says Jefferies. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 09, 2026 18:51 ET (22:51 GMT)

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But the magnitude of deterioration in Orora's Saverglass division caught Jefferies by surprise. Orora reset its Ebit forecast for Saverglass to 63 million-68 million euros. That represented an 18% downgrade at the midpoint of the range, and marks the third downgrade since Orora acquired the business in 2023. \"We cut EPS 14% in FY26, but more than 20% in FY27-28 reflecting annualization of 2H26 trends into next year and removal of buybacks from estimates,\" analyst Ramoun Lazar says. Data still look weak and the consumer is under pressure due to the Middle East conflict. \"We see ongoing risks to near-term earnings and a stock lacking catalysts,\" says Jefferies. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 09, 2026 18:51 ET (22:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7053","symbol_name":"金属与玻璃容器","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2626156899","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626156899","pubTimestamp":1775775060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2247 GMT [Dow Jones]--Jefferies had expected soft conditions in glass manufacturing, with data pointing to weak demand for spirits. But the magnitude of deterioration in Orora's Saverglass division caught Jefferies by surprise. Orora reset its Ebit forecast for Saverglass to 63 million-68 million euros. That represented an 18% downgrade at the midpoint of the range, and marks the third downgrade since Orora acquired the business in 2023. \"We cut EPS 14% in FY26, but more than 20% in FY27-28 reflecting annualization of 2H26 trends into next year and removal of buybacks from estimates,\" analyst Ramoun Lazar says. Data still look weak and the consumer is under pressure due to the Middle East conflict. \"We see ongoing risks to near-term earnings and a stock lacking catalysts,\" says Jefferies. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7053":"金属与玻璃容器","ORA.AU":"ORORA LTD"},"translate_title":"Orora Saverglass盈利下调规模令杰富瑞(Jefferies)感到惊讶——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ORA.AU":0.9},"content_text":"2247 GMT [Dow Jones]--Jefferies had expected soft conditions in glass manufacturing, with data pointing to weak demand for spirits. But the magnitude of deterioration in Orora's Saverglass division caught Jefferies by surprise. Orora reset its Ebit forecast for Saverglass to 63 million-68 million euros. That represented an 18% downgrade at the midpoint of the range, and marks the third downgrade since Orora acquired the business in 2023. \"We cut EPS 14% in FY26, but more than 20% in FY27-28 reflecting annualization of 2H26 trends into next year and removal of buybacks from estimates,\" analyst Ramoun Lazar says. Data still look weak and the consumer is under pressure due to the Middle East conflict. \"We see ongoing risks to near-term earnings and a stock lacking catalysts,\" says Jefferies. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2026 18:51 ET (22:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}