Select Harvests Enthusiasm Damped by Rainy Impact on Crop

Dow Jones
Yesterday

2319 GMT - Almond grower Select Harvests's crop update disappoints its bull at Bell Potter. Select Harvests narrows a forecast for its 2026 crop size to 28,000-29,600 tons, representing a 1.0% reduction at the midpoint compared to prior guidance. Bell Potter says wet weather weighed on the harvest. Ebitda is set to be A$10 million-A$11 million lower than previous expectations, it says. "On the positive side cashflow looks stronger than expected and the company will exit with its lowest net debt position since 2020," analyst Jonathan Snape says. Bell Potter's FY26 EPS forecast falls 13% while its price target remains unchanged at A$6.05/share. Select Harvests ended Tuesday at A$5.04.

 

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