Cleanaway Earnings Update Doesn't Shift Bull's View

Dow Jones

Jul 23

2351 GMT - Cleanaway's earnings update doesn't move the dial for the waste management company's bull at Morgans. Analyst Nathan Lead acknowledges that guidance for annual underlying earnings of about A$470 million is a touch better than both his prior forecast and consensus expectations, but makes no changes to his target price of 2.80 Australian dollars. Lead tells clients in a note that he expects FY 2026 to be weak in terms of free cash flow, but that FY 2027 should be an inflection year thanks to factors including cost reductions and the non-repeat of a recent income tax payment. Lead raises his FY 2026 EPS forecast by about 2% and keeps a buy rating on the stock, which is at A$2.31 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 19:51 ET (23:51 GMT)

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Analyst Nathan Lead acknowledges that guidance for annual underlying earnings of about A$470 million is a touch better than both his prior forecast and consensus expectations, but makes no changes to his target price of 2.80 Australian dollars. Lead tells clients in a note that he expects FY 2026 to be weak in terms of free cash flow, but that FY 2027 should be an inflection year thanks to factors including cost reductions and the non-repeat of a recent income tax payment. Lead raises his FY 2026 EPS forecast by about 2% and keeps a buy rating on the stock, which is at A$2.31 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 19:51 ET (23:51 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cleanaway Earnings Update Doesn't Shift Bull's View</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCleanaway Earnings Update Doesn't Shift Bull's View\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-07-23 07:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2351 GMT - Cleanaway's earnings update doesn't move the dial for the waste management company's bull at Morgans. Analyst Nathan Lead acknowledges that guidance for annual underlying earnings of about A$470 million is a touch better than both his prior forecast and consensus expectations, but makes no changes to his target price of 2.80 Australian dollars. Lead tells clients in a note that he expects FY 2026 to be weak in terms of free cash flow, but that FY 2027 should be an inflection year thanks to factors including cost reductions and the non-repeat of a recent income tax payment. Lead raises his FY 2026 EPS forecast by about 2% and keeps a buy rating on the stock, which is at A$2.31 ahead of the open. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 22, 2026 19:51 ET (23:51 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":"CWY.AU","symbol_name":"CLEANAWAY WASTE MANAGEMENT L","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653946997","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653946997","pubTimestamp":1784764260,"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":"2351 GMT - Cleanaway's earnings update doesn't move the dial for the waste management company's bull at Morgans. Analyst Nathan Lead acknowledges that guidance for annual underlying earnings of about A$470 million is a touch better than both his prior forecast and consensus expectations, but makes no changes to his target price of 2.80 Australian dollars. Lead tells clients in a note that he expects FY 2026 to be weak in terms of free cash flow, but that FY 2027 should be an inflection year thanks to factors including cost reductions and the non-repeat of a recent income tax payment. Lead raises his FY 2026 EPS forecast by about 2% and keeps a buy rating on the stock, which is at A$2.31 ahead of the open.  Dow Jones NewswiresJuly 22, 2026 19:51 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CWY.AU":"CLEANAWAY WASTE MANAGEMENT L","BK7047":"环境与设施服务"},"translate_title":"Cleanaway 盈利更新并没有改变多头的观点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CWY.AU":0.9},"content_text":"2351 GMT - Cleanaway's earnings update doesn't move the dial for the waste management company's bull at Morgans. Analyst Nathan Lead acknowledges that guidance for annual underlying earnings of about A$470 million is a touch better than both his prior forecast and consensus expectations, but makes no changes to his target price of 2.80 Australian dollars. Lead tells clients in a note that he expects FY 2026 to be weak in terms of free cash flow, but that FY 2027 should be an inflection year thanks to factors including cost reductions and the non-repeat of a recent income tax payment. Lead raises his FY 2026 EPS forecast by about 2% and keeps a buy rating on the stock, which is at A$2.31 ahead of the open. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 22, 2026 19:51 ET (23:51 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}