Mirvac's Fiscal 2027 Operating EPS Growth Guidance 'Solid' in Tough Residential Property Backdrop, Jefferies Says

MT Newswires Live

Aug 19

Mirvac Group's (ASX:MGR) fiscal 2027 operating earnings per share growth guidance of 2.3% to 3.9% is "solid" in a tough residential property backdrop, Jefferies said in a Wednesday note.

Its settlements guidance of 2,800 to 3,100 lots, with 63% secured, beat consensus estimates at 2,347 materially. Gross margins of 23.9% are back above the 18% to 22% target, up from 17.5% in fiscal 2025, with all impaired projects now settled.

The firm's fiscal 2026 operating profit was AU$508 million, 1% below Jefferies' forecast of AU$514 million forecast. It called out a slow-down in sales activity and enquiry levels in the fourth fiscal quarter.

The brokerage reaffirmed Mirvac with a hold rating with a price target of AU$1.80.

Mirvac Group's shares jumped past 7% in recent Wednesday trade.

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Gross margins of 23.9% are back above the 18% to 22% target, up from 17.5% in fiscal 2025, with all impaired projects now settled.</p><p>The firm's fiscal 2026 operating profit was AU$508 million, 1% below Jefferies' forecast of AU$514 million forecast. It called out a slow-down in sales activity and enquiry levels in the fourth fiscal quarter.</p><p>The brokerage reaffirmed Mirvac with a hold rating with a price target of AU$1.80.</p><p>Mirvac Group's shares jumped past 7% in recent Wednesday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2660941197","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2660941197","pubTimestamp":1787112045,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Gross margins of 23.9% are back above the 18% to 22% target, up from 17.5% in fiscal 2025, with all impaired projects now settled.The firm's fiscal 2026 operating profit was AU$508 million, 1% below Jefferies' forecast of AU$514 million forecast. It called out a slow-down in sales activity and enquiry levels in the fourth fiscal quarter.The brokerage reaffirmed Mirvac with a hold rating with a price target of AU$1.80.Mirvac Group's shares jumped past 7% in recent Wednesday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}