Volex growth beats forecasts as brokers retain 'buy' ratings

Impact · against what's priced in

Volex's significant H1 revenue beat and analyst upgrades provide a tangible catalyst for EPS revisions, though a $10M revenue pull-forward creates a slight headwind for the second half. Kodal Minerals' acquisition of rights to a high-grade lithium project in Ghana expands its geographical footprint and growth profile.

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In context

H1 revenue of at least $710 million beat broker estimates by $30M to $71M, driving a 6% increase in Jefferies' EPS forecast and a price target raise to 750p.

Read from the article alone

• KODNew
• data centresNew
• earnings▲14%
• mining
• VLX
• battery metals
• electric vehicles