Poor sentiment clouds NRW’s guidance

The relief rally didn’t last long for engineering contractor NRW Holdings, with the stock giving up most of its morning gains after management reiterated its full year guidance at the group’s annual general meeting.

The relief rally didn’t last long for engineering contractor NRW Holdings (NWH) with the stock giving up most of its morning gains after management reiterated its full year guidance at the group’s annual general meeting.

Expectations are set low with analysts expecting NRW to win only modest new contracts with consensus estimates tipping 2013-14 revenue of $1.06 billion compared to the $1 billion in secured work that the group has on hand.

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