IDP Education Group Earnings Seen as Remaining Resilient, Jefferies Says
MT Newswires Live
Aug 07
IDP Education's (ASX:IEL) group earnings are seen as remaining resilient, with fiscal year 2027 Australia SP expectations already relatively low, Jefferies said in a Thursday note.
Australia's fiscal year 2026 offshore higher education visa grants softened further, declining 16% year-over-year. Lodgments point to weaker underlying demand and potentially softer AU SP volumes in fiscal year 2027. However, IELTS website traffic remained resilient.
However, Similarweb's explanatory power for IDP IELTS volume growth is only 71%, suggesting the outcomes may be just slightly above consensus, Jefferies said.
The investment firm has a buy rating on IDP Education with a price target of AU$3.30 per share.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.