logo
Goldman Sachs Reaffirms Their Hold Rating on IDP Education Ltd. (03F)

Goldman Sachs Reaffirms Their Hold Rating on IDP Education Ltd. (03F)

Goldman Sachs analyst Elijah Mayr maintained a Hold rating on IDP Education Ltd. (03F – Research Report) on May 9 and set a price target of A$11.10. The company's shares closed yesterday at €5.45.
Protect Your Portfolio Against Market Uncertainty
Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
According to TipRanks, Mayr is an analyst with an average return of -8.4% and a 34.33% success rate. Mayr covers the Consumer Cyclical sector, focusing on stocks such as ARB Corporation , Collins Foods , and G.U.D. Holdings.
Currently, the analyst consensus on IDP Education Ltd. is a Moderate Buy with an average price target of €7.80.
Based on IDP Education Ltd.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €475.35 million and a net profit of €59.54 million. In comparison, last year the company earned a revenue of €577.41 million and had a net profit of €97.17 million
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fed to cut rates next month as tariffs give prices one-time spur: survey
Fed to cut rates next month as tariffs give prices one-time spur: survey

Yahoo

time2 hours ago

  • Yahoo

Fed to cut rates next month as tariffs give prices one-time spur: survey

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Six out of 10 corporate economists predict that the Federal Reserve will trim borrowing costs by a quarter percentage point next month as the labor market softens and tariffs give just a one-time jolt to inflation, Wolters Kluwer said Monday. Sixty-four percent of economists at companies ranging from Goldman Sachs to General Motors and Visa to Eaton Corp see inflation, as measured by the core personal consumption expenditures price index, rising to an annual rate of 3.6% in the third quarter and 3.4% in Q4 before cooling to 2.3% at the end of next year, Wolters Kluwer found in a survey. 'Inflation in the neighborhood of 3.5% is far above the Fed's target of 2.0%, but public comments of Fed officials suggest that they too expect tariff-related inflation to be temporary,' Mike Moran, an economist at Haver Analytics, said in a statement. 'As long as long-term inflation expectations remain contained, policymakers will probably look through the price pressure likely to emerge in the second half and reduce the federal funds rate.' Dive Insight: A handful of Fed officials since July have voiced optimism that the highest U.S. tariffs since the 1930s will fuel just short-term price pressures and pose a threat neither to inflation expectations nor to central bank efforts to curb inflation to their long-term 2% goal. 'As I gain even greater confidence that tariffs will not present a persistent shock to inflation, I see that upside risks to price stability have diminished,' Fed Governor Michelle Bowman said Saturday. 'With underlying inflation on a sustained trajectory toward 2%, softness in aggregate demand and signs of fragility in the labor market, I think that we should focus on risks to our employment mandate,' she said in a speech. Bowman and Fed Governor Christopher Waller noted signs of weakness in the job market and dissented from a Fed decision on July 30 to hold the main interest rate at a range between 4.25% and 4.5% for the fifth straight meeting this year. They both called for a quarter-point cut to the benchmark rate. Other Fed officials have predicted that price pressures will just temporarily spur inflation but stopped short of favoring imminent reductions in the federal funds rate. 'Tariffs will boost inflation in the near term, but likely not in a persistent way that monetary policy will need to offset,' San Francisco Fed President Mary Daly said Wednesday in a speech. Still, 'inflation is still above our target, which is why interest rates remain modestly restrictive,' Daly said. 'We need to finish the job' of bringing down inflation closer to 2%, she said. St. Louis Fed President Alberto Musalem voiced a similar balanced view on Friday. 'It is likely that most of the impact of tariffs on inflation will be short lived and will fade once the tariffs work themselves from the economy,' Musalem said. 'But there's a reasonable probability that there may be some persistence to inflation.' Fed Chair Jerome Powell at a press conference on July 30 said he viewed the labor market as 'solid' and favored holding the line on inflation by not changing the main interest rate. 'We want inflation to move all the way back to its target,' Powell said, adding that policymakers aim to ensure tariffs do not provoke more than a one-time jolt to prices. 'We want to do that efficiently, though,' he said. 'If you move too soon, you wind up not getting inflation all the way fixed and you have to come back' with an interest rate increase, Powell said. 'If you move too late, you might do unnecessary damage to the labor market.' Traders in futures markets on Monday set 86% odds that policymakers will trim the federal funds rate by a quarter point to a range between 4% and 4.25% after a two-day meeting on Sept. 17, according to the CME FedWatch Tool. They see 42% odds that the main rate will end this year at a range between 3.75% and 4%, or a half percentage point less than now. Bowman said she anticipates three, quarter-point cuts by the end of 2025, leaving the main rate between 3.5% to 3.75%. Futures traders see 44% odds of such an outcome. Recommended Reading Rising prices, weak consumer spending spotlight 'stagflation' risk Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

‘Maybe, he ought to just focus on being a DJ': Trump rips Goldman Sachs CEO, chief economist for research showing Americans eating the tariffs
‘Maybe, he ought to just focus on being a DJ': Trump rips Goldman Sachs CEO, chief economist for research showing Americans eating the tariffs

Yahoo

time2 hours ago

  • Yahoo

‘Maybe, he ought to just focus on being a DJ': Trump rips Goldman Sachs CEO, chief economist for research showing Americans eating the tariffs

President Trump took aim at a Wall Street behemoth on Tuesday, launching a highly personal attack against Goldman Sachs CEO David Solomon and the firm's chief economist, Jan Hatzius, in the latest chapter of his ongoing dispute with mainstream business leaders over the impact of tariffs on the American economy. 'I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution,' Trump wrote on social media. The dig referred to Solomon's side project as a disc jockey producing electronic dance music and performing at clubs and music festivals under the name 'DJ D-Sol.' Trump's rebuke—delivered through a pointed post on his Truth Social platform—came in response to a research note published by Hatzius on Sunday showing U.S. consumers are bearing a significant share of the costs stemming from tariffs imposed during Trump's trade battles. 'Our estimates imply that U.S. consumers had absorbed 22% of tariff costs through June but that their share will likely rise to 67% by October if the later tariffs have the same impact over time as the earliest tariffs,' the team led by Hatzius wrote. Trump, however, flatly rejected Goldman Sachs' conclusions, insisting 'Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else.' He claimed, without evidence, that it has been 'proven' that consumers aren't paying the tariffs, but rather companies and governments are 'for the most part…picking up the tabs.' The tariff trade regime does seem to be generating significant revenue, but it will take years to hit the trillion-dollar mark, as Trump claimed. A respected, nonpartisan budget-hawk think tank, the Committee for a Responsible Federal Budget, calculated $25 billion in tariff revenue collections in July and projected a $1.3 trillion haul by the end of Trump's term in office. In July, Morgan Stanley assessed the developing tariff picture as a 'mosaic' that will bring in roughly $2.7 trillion over a decade. Trump's tactics The clash over tariffs comes as inflation data released Tuesday showed consumer prices rising by 0.2% in July over June, and by 2.7% over the past year. Trump attempted to spin those numbers as evidence his trade policies have not stoked runaway inflation. 'Tariffs have not caused inflation or any other problems for America, other than massive amounts of CASH pouring into our Treasury's coffers,' he asserted. The public lambasting adds Goldman Sachs' Solomon to a growing list of corporate titans targeted by Trump, including Apple CEO Tim Cook, Intel's Lip Bu-Tan, and Tesla's Elon Musk, all of whom have come under fire for perceived criticism of the Trump administration's economic management. Earlier on Tuesday, Trump was attacking Federal Reserve chair Jerome Powell, after the consumer price index report for July showed inflation coming in cooler than expected—although 'core' inflation surged to its highest reading in five months. 'Jerome 'Too Late' Powell must NOW lower the rate,' Trump wrote on Truth Social about the central bank chair's refusal to budge on interest rates. He added that he is 'considering allowing a major lawsuit against Powell to proceed' because of an entirely separate issue: the ongoing, over-budget $2.5 billion renovation of the Federal Reserve headquarters in Washington, D.C. Neither Solomon nor Hatzius has responded publicly to Trump's broadsides. Goldman Sachs declined to comment. The White House did not immediately offer a comment, when contacted. For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

The Small Business Technology Gap, And How To Bridge It
The Small Business Technology Gap, And How To Bridge It

Forbes

time3 hours ago

  • Forbes

The Small Business Technology Gap, And How To Bridge It

There's a lot of talk right now about how AI and digital tools are transforming construction and manufacturing, and big firms are already there, deepening an already troubling technology gap for small businesses. Larger firms are using 5D project modeling, AI-based scheduling, and digital control centers to keep complex jobs on track. And it's paying off. By some estimates, these tools are shaving months off major builds and helping companies manage risk, labor, and materials more effectively. But most small businesses don't have access to these tools. And even if they did, they don't have the time or training to make them useful. In fact, a recent survey from Goldman Sachs 10,000 Small Businesses Voices (10ksb Voices), of which I am a member, found that 42% of small businesses do not have access to the resources and expertise necessary to successfully deploy AI. Defining the Small Business Technology Gap Small construction firms, tradespeople, specialty manufacturers, and independent contractors are being locked out of the new digital landscape—not because they lack skill, but because they're stuck operating in analog while their competitors have moved to digital. This isn't just a technology gap. It's an access gap: a very real barrier between having technology available on paper and being able to afford, train for, and apply it. As James M. Gordon, Managing Partner, Global CULTIVA, and a fellow member of the 10ksb Voices community, puts it: 'Once small companies are made aware of new technologies, they can adopt and innovate with them very quickly, sometimes even faster than large enterprises. We don't have the bureaucratic layers that slow bigger firms down. That agility is a key advantage.' If the past is predictive, then the future of infrastructure, manufacturing, and clean energy depends on small business involvement. But if we actually want that to be true, we must make it possible. Big projects increasingly require digital documentation, scheduling alignment, and full traceability across the entire supply chain. When small businesses serve as suppliers to larger enterprises, they are increasingly required to hold specific quality, compliance, or cybersecurity certifications—such as ISO, AS9100, or NIST standards. Achieving and maintaining these certifications is extremely difficult without digital systems in place. Paper-based or outdated processes make it nearly impossible to demonstrate the level of traceability, documentation control, and operational consistency that certification bodies and enterprise buyers expect. As a result, small businesses that still rely on paper timesheets, handwritten specifications, or siloed spreadsheets are unlikely to win those contracts—not due to the quality of their work, but because they aren't integrated into the digital systems larger contractors now demand. This is where policy should step in. It shouldn't just fund innovation at the top—it should open the pipeline at the bottom. That could mean shared access to digital tools through trade associations or local business hubs. It could mean practical grants—not risky innovation grants, but nuts-and-bolts support for upgrading systems, hiring tech-savvy staff, or getting certified to bid on projects that require digital coordination. Closing this access gap requires more than awareness. It needs deliberate policy action. Earlier this year, Goldman Sachs 10,000 Small Businesses Voices and the Bipartisan Policy Center released a playbook of policies to support small business innovation and growth. That playbook includes three recommendations that would directly help close this gap: Letting Small Businesses in on the Future Most small business owners aren't trying to "digitally transform." They're trying to get the job done, pay their crew, and keep the wheels turning. But the job has changed, and technology increasingly determines who gets to play. If we don't close this technology gap, we're not just leaving small businesses behind—we're narrowing the talent pool, weakening our supply chains, and increasing our national risk. Big business will keep building with or without us. The question is: how will we close the small business technology gap? Are we going to let small businesses in on the future, or not?

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store