Future plc (LON:FUTR – Get Rating) has been given a consensus rating of “Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last […]
Future (LON:FUTR – Get Rating)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report released on Tuesday, MarketBeat.com reports. They presently have a GBX 5,225 ($68.44) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 94.24% from the stock’s previous close. FUTR has […]
19 May 2021 | 07:36am
StockMarketWire.com - Specialist media group Future said full-year results may be materially ahead of market expectations, as it reported better-than-anticipated profit and revenue in the first half of the year.
For the six months ended 31 March 2021, pre-tax profit rose 110% to £56.9 million year-on-year as revenue increased 89% to £272.6 million.
The more than doubling of profit was driven by the media division s organic growth of 30% and in particular digital advertising on-platform organic growth of 30% and eCommerce affiliates organic growth of 56%, the company said.
Looking ahead, the company said that whilst it remained cautious about the wider macroeconomic uncertainties associated with COVID-19, it was confident in the outlook for the group and expect the full year to be materially ahead of market expectations, underpinned by an exceptional H1 performance.