20953205_1640216176029289_8874793922064816072_n

Fletcher Building Limited

(FBU)

NZX

Recommendation:

Neutral

Share Price:

NZD

Market Cap:

$

Fletcher Building: Softening Begins

21 February 2023

Fletcher Building shares were lower when it revealed a weak earnings guidance for the 2023 financial year a couple of days ahead of its half year earnings announcement - shaving off most of the gains made in February as market anticipated Flecther to be a major benefactor to the rebuild following the major floods across the north island. However, Fletcher announced they anticipate 2023 full year earnings (EBIT) are expected to be between $800m to $855m down from its previous guidance of above $855m, while first half trading was strong January and February trading has been impacted by adverse weather events in the upper north island of NZ.

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Latest Research

Just Do It: Unveiling the investment potential of Nike

7 June 2024

Refreshing the Thesis: H2Go

De.mem Limited
29 May 2024

Can't give them away for Free

G8 Education Limited
31 October 2023

Some Relief

New Zealand King Salmon
12 October 2023

Not Cheap enough yet

Woodside Energy Group
9 October 2023

Holding Up for Now.....

James Hardie Industries PLC
3 October 2023

Recommendation:

Neutral

Share Price:

NZD

Market Cap:

$

Latest Research on FBU.NZE

Fletcher Building: Upbeat Guidance

Fletcher Building Limited
18 August 2022

Solid Result in Lockdown

Fletcher Building Limited
19 February 2022

Housing Paying Dividends

Fletcher Building Limited
3 May 2021

Solid Trading Update

Fletcher Building Limited
1 December 2020

Better Than Feared

Fletcher Building Limited
29 August 2020

Another Downgrade

Fletcher Building Limited
16 August 2020

Latest Research

Starbucks: Bean there, done that, still great

Starbucks
11 June 2024

Just Do It: Unveiling the investment potential of Nike

7 June 2024

Refreshing the Thesis: H2Go

De.mem Limited
29 May 2024

Can't give them away for Free

G8 Education Limited
31 October 2023

Some Relief

New Zealand King Salmon
12 October 2023

Not Cheap enough yet

Woodside Energy Group
9 October 2023

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]