Top-line growth is proving an elusive commodity during the unfolding reporting season, with most small industrial stocks failing to meet revenue expectations. However, some small caps are bucking the trend.
Top-line growth is proving an elusive commodity during the unfolding reporting season, with most small industrial stocks failing to meet revenue expectations.
Of the companies on the ASX Small Cap Industrials Index that have reported so far, Bloomberg data shows that 62 per cent have failed to meet consensus forecasts on revenue.The biggest culprits are engineering contractor Clough and equipment rental financing firm FlexiGroup: both missed expectations by over 30 per cent.
