CapitaLand Investment Limited Misses Earnings Estimates and Analysts Revisit Forecasts
CapitaLand Investment Limited (SGX:9CI) just released its latest full-year report, and things are not looking great. The company's statutory earnings missed forecasts by an incredible 33%, coming in at just S$0.094 per share. The analysts' post-earnings forecasts for next year indicate a significant decline in revenue, with estimates suggesting a 21% drop over the past 12 months.
- The widening gap between CapitaLand Investment's actual results and analyst expectations suggests that the company is facing more severe challenges than initially anticipated, potentially exposing investors to increased risk.
- Can the real estate sector recover from its current downturn, or will the decline in earnings estimates for CapitaLand Investment signal a broader industry trend?