Shares in Haynes Publishing Group (HYNS) were marked up on the news that the publisher of technical car information for consumers and professionals expects adjusted pre-tax profits to rise 10 per cent for the full year to May 2018, beating current market expectations by around 7 per cent. Meanwhile, the benefit of US tax changes should provide a further boost to the bottom line with brokers now expecting adjusted EPS growth of over 40 per cent.
IC TIP:
Buy
at
241p
Meanwhile, with the further benefit of US tax changes, EPS forecasts for the recently completed financial year have been marked up by nearly a fifth from 11.8p to 14p by broker Panmure and current year forecasts are raised from 15p to 16.4p.
