REA Group reports 1H results tomorrow (February 10) and Morgans broadly aligns with consensus in forecasting revenue and earnings (EBITDA) growth on the previous corresponding period of around 3% and -3%, respectively.

The broker now forecasts a -10% fall, a further decline from its -6% previous estimate, in year-on-year new listings volumes in Australia Residential in the 2H.

The analyst's FY23-FY25 earnings forecasts fall by circa -1-3% and the price target is lowered to $136 from $138. The Add rating is unchanged.

Sector: Media.

Target price is $136.00.Current Price is $124.45. Difference: $11.55 - (brackets indicate current price is over target). If REA meets the Morgans target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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