Australian grocers win analyst upgrades on coronavirus stockpiling, home cooking [Reuters]
WESFARMERS LTD UNSP/ADR (WFAFY)
NASDAQ:AMEX Investor Relations:
wesfarmers.com.au/investor-centre
Company Research
Source: Reuters
Australian grocers win analyst upgrades on coronavirus stockpiling, home cooking SYDNEY, March 17 (Reuters) - Analysts have slapped hefty earnings upgrades on Australia’s supermarket companies as they predict a shift to home cooking in the age of coronavirus, helping the sector’s shares defy a global rout. As stores rush out rationing measures to cope with a demand spike from panic buying that has cleared many supermarket shelves, analysts said profits would leap in the short term and stay high as consumer behaviour changed. “We believe COVID-19 will embed new behaviours in consumers, potentially leading to an acceleration in the rate of online penetration ... and is likely to see a return to cooking at home, at least in the near term,” said UBS analysts in a note, using the official name for the illness that has infected nearly 400 Australians and led to five deaths. The investment bank estimated sales of large grocers have risen by a quarter in recent weeks, compared with a year ear
Show less
Read more
Impact Snapshot
Event Time:
WFAFY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WFAFY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WFAFY alerts
High impacting WESFARMERS LTD UNSP/ADR news events
Weekly update
A roundup of the hottest topics
WFAFY
News
- ‘Del Boy billionaire' steps in to save Homebase shops at risk from collapse [Yahoo! Finance]Yahoo! Finance
- ‘Del Boy billionaire' rescues Homebase from collapse [Yahoo! Finance]Yahoo! Finance
- Wesfarmers (ASX:WES) shareholders have earned a 17% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Does This Valuation Of Wesfarmers Limited (ASX:WES) Imply Investors Are Overpaying? [Yahoo! Finance]Yahoo! Finance
- New Zealand Hardware and Building Supplies Retailing Market Report 2024: Confidence Building - Rising Downstream Demand will Scaffold Revenue into a Return to Growth [Yahoo! Finance]Yahoo! Finance