CRH ANALYSTS PLAY CATCH - UP AS WALL STREET BRACES FOR RARE EARNINGS MISS – THE IRISH TIMES

What happened: CRH shares have fallen 40 per cent from a January high of $131.55 to a low of $78.60, and analysts are cutting forecasts ahead of quarterly results due October 29th, raising the prospect of a rare earnings miss. Key numbers: January high $131.55, valuation almost $88 billion; Wednesday low $78.60; Q2 energy costs up Why it matters: Analysts cite cost inflation and weak US house building, with Jefferies saying CRH faces a significant effort to reach the low end of its target. Truist's $105 target implies about 25 per cent upside and the $127 consensus more than 50 per cent. Coverage: 3 outlets in 24h

CRH shares have fallen 40 per cent from a January high of $131.55 to a low of $78.60, and analysts are cutting forecasts ahead of quarterly results due October 29th, raising the prospect of a rare earnings miss.

Analysts cite cost inflation and weak US house building, with Jefferies saying CRH faces a significant effort to reach the low end of its target. Truist's $105 target implies about 25 per cent upside and the $127 consensus more than 50 per cent.