Intelligent Investor

Integrated Research hits a speed bump

Is Integrated Research getting closer to an upgrade after lowering earnings expectations?
By · 16 Jul 2018
By ·
16 Jul 2018 · 1 min read
Upsell Banner

We suspected there was a chance that Integrated Research would downgrade its earnings guidance, and that is exactly what has happened.

Management announced that 2018 revenue is expected to be flat (2017 revenue was $91.2m) with net profit growth of 1-5%, citing struggles in Europe and a cyclical slowdown in its infrastructure division. They also noted the business remains fundamentally sound and that licence growth is expected to pick up in the coming year.

With the share price falling 24% since our recent review, we're getting more interested, although we need a bit more time to conduct a deeper investigation. We'll release an article in the coming days but, for now, we encourage you to sit tight.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Share this article and show your support
More information on Integrated Research Limited (IRI)

Join the Conversation...

There are comments posted so far.

If you'd like to join this conversation, please login or sign up here