0148 GMT - Zip's turnaround is one of the best that United Capital Partners analyst Jonathon Higgins says he's ever seen. The Australian payments provider is on course to report annual cash earnings of more than 260 million Australian dollars just three years after a A$50 million cash earnings loss. Higgins tells clients in a note that he expects fiscal 2027 cash earnings of more than A$300 million just from Zip's U.S. operations. He thinks that the market is underrating Zip's cost control and discipline, and sees its U.S. exposure as a huge positive. "Sustainable earnings momentum against structural growth is hard to find on the ASX currently." UCPS has a buy rating on the stock and a target price of A$4.85. Shares are down 2.9% at A$2.845. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
June 25, 2026 21:48 ET (01:48 GMT)
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