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Market Chatter: Goodman Group Poised for Earnings Upside From Development Completions, Citi Says

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Goodman Group's (ASX:GMG) is set for earnings upside due likely to development completions, according to Citi analyst Howard Penny, the Australian Financial Review reported on Tuesday.

Penny said the company's fiscal 2026 operating earnings per share target is not a ceiling but a floor, adding that it remains on track to grow its operating EPS by at least 9%, per the report.

In addition, work in progress valued at AU$14.5 billion as of March 31 is expected to jump to about AU$18 billion by June, with around 73% accounting for data centers, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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