2256 GMT - Johns Lyng, which carries out insurance-related repair work, could beat consensus hopes for its earnings as a result of the tropical storm and flooding that struck Australia's Queensland state earlier this year. Jefferies notes that most of the 105,000 claims and A$1.2 billion in insured losses from the extreme weather are home-related claims relevant to Johns Lyng. Jefferies estimates the potential work is worth some A$11 million in Ebitda. That's above the bank's forecast of A$6 million Ebitda from Johns Lyng's Catastrophe unit in FY 2026. "It is too early for Johns Lyng or Jefferies to quantify the exact quantum or timing of this, but provides upside to consensus nonetheless," analyst Tom Chapman says. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 22, 2025 18:56 ET (22:56 GMT)
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