The Stock of the Day is Iress (ASX: IRE)

Iress (ASX: IRE), the financial data group, has updated the market with expected earnings for H1 of 2024, in the range of $65M - $67M, up 50% from H1 of FY 2023. The company says earnings in its core business of wealth and market data are expected to be materially higher from the previous corresponding period. Full results will be out August 19th. In a statement, the company also said that net proceeds from all its divestments was used to lower debt, strengthen the balance sheet and paving the way for return to maintainable dividends. Our experts, David Lane from Ord Minnett and Shawn Hickman from Market Matters, share their views. Shawn says that the upgrade is good news but would approach with caution but is definitely going to be watching this now. David says that the company is getting back to its core business and costs are under control, and with a product upgrade due later in the year, things seem to be moving in the right direction for Iress. So would it be a buy, hold or sell?
Watch the full episode here: ausbiz.co/thec...
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Webjet (WEB)
Corporate Travel Management (CTD)
Nick Scali (NCK)
Mosaic Brands (MOZ)
Scentre Group (SCG)
Sandfire (SFR)
Grange Resources (GRR)
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