Over the last 12 months the Webjet Limited (ASX: WEB) share price performance has been a big disappointment.
During this time its share price has fallen 8% compared to a 7.3% gain by the benchmark S&P/ASX 200 (Index: ^AXJO) (ASX: XJO).
The key reason behind its underperformance was the earnings guidance it gave to the market in November. The market had been expecting earnings before interest, tax, depreciation, and amortisation (EBITDA) in FY 2018 to be greater than the $80 million management guided to.
This conservative guidance led to a sell-off of its shares and unsurprisingly a broker downgrade by leading investment
Over the last 12 months the Webjet Limited (ASX: WEB) share price performance has been a big disappointment.
…
Read the full article at: https://www.fool.com.au/2018/01/29/why-i-think-webjet-limited-shares-are-a-buy/