REA Group Ltd

REA: XASX (AUS)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
A$951.00ZmxqKncwmqq

Likely Weak H1 Result Won't Impact REA Group’s Long-Term Prospects but Shares Remain Overvalued

Narrow-moat-rated REA Group is likely to report a weak first-half result next week as the impact of last year’s real estate downturn continues to bite. Revenue and EBITDA fell by 9% and 15% respectively in the first quarter to September 2019 but we forecast growth of 1% and 3% respectively for the full year, implying a weak first half but a second half recovery.

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