Worley Surprises With Ambitious Earnings Growth Outlook -- Market Talk

Dow Jones
May 14

0131 GMT - Worley's FY 2030 earnings-growth target is ambitious versus consensus, Jefferies says. Worley CEO Chris Ashton says the company is aiming for double-digit underlying Ebita growth over the medium term to FY 2030. That is well above Jefferies' forecast of roughly 1% per annum and consensus of around 4%, the bank says. The growth outlook is underpinned by several things, including expansion in new markets and customers responding to Middle East disruptions. "Detail around near/medium-term drivers will be important for market to gain confidence in growth ambitions," Jefferies says. The bank has a hold rating and 11.48 Australian dollars a share target price on the stock. Shares are 1.8% higher at A$12.19. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

May 13, 2026 21:31 ET (01:31 GMT)

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