Computershare Limited Revised Earnings Guidance for FY 2020 and FY 2021

Computershare Limited (ASX:CPU) provided COVID-19 update for its business guidance for FY 2020 and 2021 with the following key highlights.

  • For FY 2020, Management EPS is likely to be down by approximately 20 percent (previously 15 percent down).
  • Margin income is now anticipated to be nearly $180 million and $100 million (previously $185 million and $115 million) for FY 2020 and FY 2021, respectively.
  • For the fourth quarter of this year, average client balances is expected to be nearly $13-14 billon and the average in FY 2021 is likely to be around $14-15 billion.

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