MEARS (MER) – Business Services
| Price: 372.5p +5% | P/E: 7.1x |
| Market Cap: £325m | Yield:4.8% |
Housing services provider Mears has raised its adjusted pre-tax profit target for the current financial year after stronger-than-expected 2H trading.
Earnings are now seen at the top end of the guidance it issued in August, which wasn’t specific but was based on certain revenue and margin assumptions.
Our View
Mears might just have pipped Games Workshop (GAW) to the award for the shortest trading update of 2025, although the lack of detail is frustrating as the firm hasn’t published a consensus forecast.
June’s trading update talked of a ‘modest’ improvement in full-year profit, triggering a hefty sell-off, and the firm reiterated that guidance at its interims in August, so it must have seen quite a turnaround in the second half to be shooting for the top of the range.
Read the press release here: https://www.mearsgroup.co.uk/investors
Disclaimer: This content is for information only and is not investment advice. Always do your own research before investing. Click here to see full disclaimer.
