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WH Smith ( (GB:SMWH) ) has shared an announcement.
WH Smith PLC has announced a significant overstatement of £30 million in expected Headline trading profit for its North America division, primarily due to accelerated recognition of supplier income. As a result, the company has revised its expected Headline trading profit for North America to £25 million, down from the previous expectation of £55 million, and anticipates a full-year Headline profit before tax of approximately £110 million. Deloitte has been instructed to conduct an independent review, and further updates will be provided at the preliminary results announcement.
The most recent analyst rating on (GB:SMWH) stock is a Hold with a £1152.00 price target. To see the full list of analyst forecasts on WH Smith stock, see the GB:SMWH Stock Forecast page.
Spark’s Take on GB:SMWH Stock
According to Spark, TipRanks’ AI Analyst, GB:SMWH is a Neutral.
WH Smith’s overall stock score is driven by strong financial performance and positive corporate events, such as strategic divestitures and share buybacks. However, the high P/E ratio raises valuation concerns, and technical indicators suggest a neutral market sentiment.
To see Spark’s full report on GB:SMWH stock, click here.
More about WH Smith
WH Smith PLC is a global travel retailer, primarily focusing on selling a variety of products including books, stationery, and convenience items across travel locations such as airports and train stations.
Average Trading Volume: 271,380
Technical Sentiment Signal: Sell
Current Market Cap: £1.39B
For an in-depth examination of SMWH stock, go to TipRanks’ Overview page.