New earnings estimates for NZ King Salmon

Feb 1, 2022 | Broker Comment

2.2.22 New Zealand King Salmon shares have dived on the sharemarket, in line with lowered earnings guidance released yesterday, and overnight equity analysts began adjusting their estimates. NZK downgraded FY22F EBITDA guidance from $10.5-12.5m to $6.5-7.5m (midpoint -38% vs cons) due to higher-than-expected summer mortalities as a consequence of above-average seawater temperatures. NZK also signalled […]

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New earnings estimates for NZ King Salmon

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