ASX:MGRREITs
Will Analyst Optimism on Earnings Reversal Change Mirvac Group's (ASX:MGR) Narrative?
In the past three months, Mirvac Group experienced a significant uptick in investor interest despite reporting a low return on equity of 0.8% and a prolonged decline in net income over the past five years.
This shift in sentiment is primarily attributed to analyst forecasts predicting a rebound in earnings and a rise in return on equity to 6.1% in the coming years.
We’ll explore how analyst optimism for improving profitability may influence Mirvac Group’s broader investment narrative going...