Declining Ad Volumes Seen as a Risk to Seek -- Market Talk

Dow Jones03-24

2258 GMT [Dow Jones]--Softening hiring activity doesn't look great for Australian job advertiser Seek, Macquarie analysts warn. They tell clients in a note that they see downside risks to consensus forecasts from declining job ad volumes, pointing out that their EPS estimates for fiscal 2027 and fiscal 2028 are already lower by 4% and 8%, respectively. February's Australian job ad volumes are down by 3% on-year, and the Macquarie analysts think trends may worsen on global uncertainty, AI-related headwinds and interest-rate hikes. Macquarie has a neutral rating and A$18.50 target price on the stock, which is at A$14.67 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

March 23, 2026 19:01 ET (23:01 GMT)

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