BUZZ-Australia's Catapult Sports rises as Morningstar flags earnings strength, cross-sell upside
Caterpillar Inc. CAT | 0.00 | |
Morningstar, Inc. MORN | 0.00 |
Rewrites throughout and adds share moves
** Sport analytics provider Catapult Sports CAT.AX jumps as much as 11.21% to A$3.77, its loftiest since March 26, before paring slightly to a still-strong 10.9% gain by midday in Sydney
** Morningstar highlights stronger-than-expected annual underlying earnings, reaffirming FY27 operating profit estimates at $39 million while underscoring the traction of its cross‑selling strategy
** Adds that the strong print still underplays the full upsell runway from recent acquisitions of strength training analytics provider Perch and soccer data analytics co Impect, with Perch seen as a natural fit that completes the offering via in‑gym data capture integral to athletic training
** Investment research firm holds its A$4.70 fair value, noting that FX headwinds mask time-value gains, adding that the market still underprices the upside from video monetisation and analytics enhancements
** YTD, stock down 18.3%
