Elders Poised for Lowest Close Since October 2023 -- Market Talk

Dow Jones

May 18

0057 GMT - Rural services specialist Elders's share price tumbles 22% to its lowest level since October 2023 following its 1H result. Citi says 1H revenue of A$1.77 billion was ahead of expectations, but Ebit of A$77 million was a 7% miss to consensus forecasts. Citi says corporate costs were higher than expected, including a rise in IT costs that will persist into 2027. Elders's stock recently traded at A$5.61. Ahead of the result, Citi had a buy call and A$8.45/share price target. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 17, 2026 20:57 ET (00:57 GMT)

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Citi says 1H revenue of A$1.77 billion was ahead of expectations, but Ebit of A$77 million was a 7% miss to consensus forecasts. Citi says corporate costs were higher than expected, including a rise in IT costs that will persist into 2027. Elders's stock recently traded at A$5.61. Ahead of the result, Citi had a buy call and A$8.45/share price target. 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Citi says 1H revenue of A$1.77 billion was ahead of expectations, but Ebit of A$77 million was a 7% miss to consensus forecasts. Citi says corporate costs were higher than expected, including a rise in IT costs that will persist into 2027. Elders's stock recently traded at A$5.61. Ahead of the result, Citi had a buy call and A$8.45/share price target. (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  May 17, 2026 20:57 ET (00:57 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":"BK7117","symbol_name":"农产品","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2636914017","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2636914017","pubTimestamp":1779065820,"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":"0057 GMT - Rural services specialist Elders's share price tumbles 22% to its lowest level since October 2023 following its 1H result. 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