Ansell to benefit from earnings tailwinds
Ansell (ASX: ANN) was a classic overreaction when they updated the market with changes in their full year guidance numbers. The company said lower than anticipated January sales and global economic volatility had caused earnings to fall short of the previous guidance range. Post the downgrade to the full year numbers, Ansell shares have almost clawed back all of the loss of 20% on the day of the downgrade. Commentary around the result was more positive and this has seen a recovery in the share price, particularly comments around the manufacturing problems which appear to have been the primary contributor for the guidance downgrade and which could provide a meaningful tailwind to earnings in FY17.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...