ASX:WORConstruction
Worley (ASX:WOR) Shares Face Margin Squeeze Despite Growth Forecasts
Worley stock closed at A$9.90 after a tough few months, with the share price down over 20% across the last quarter. The market has been focused on near term earnings noise and shrinking margins, yet the latest results highlight a different tension. Net profit margin over the past year is 2.2% compared with 3.6% a year earlier, while analysts still forecast earnings growth of about 17.7% a year.
That mix of margin pressure and higher growth forecasts, together with a P/E below sector averages,...