Our Algo engine generated a recent buy signal in Downer EDI and we’re encouraged by the fundamentals supporting solid future earnings growth.
The outlook for DOW’s base business is positive, with a favorable
backdrop across virtually all of Downer EDI’s markets including infrastructure, renewables, resources, health & government projects.
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FY18 guidance to be achieved with 10%+ eps growth expected in FY19.
Based on FY19 forecasts we anticipate $11.5b in revenue, EBIT $500m and DPS $0.29, placing DOW on a forward yield of 4.1%.
ASX:DOW
