FINWIRES · TerminalLIVE
FINWIRES

ASX:IEL

9 stories mentioning ASX:IELUpdated 31d ago

Every FINWIRES story that references ASX:IEL, newest first.

Asia

IDP Education Remains Earnings-Resilient Amid Continued Weak Demand, Says Jefferies

IDP Education (ASX:IEL) continues to face weak demand, with Australian offshore higher education visa grants in fiscal 2026 remaining below both Jefferies and market expectations, according to a June 26 Jefferies note.Based on year-to-date trends, supportive policy measures introduced at the start of fiscal 2026 are unlikely to deliver the expected benefits, Jefferies added.The note added that market expectations for student placements, particularly for fiscal 2027, already appear relatively low while the company remains resilient from an earnings perspective.Jefferies kept a buy rating on IDP Education with a price target of AU$3.30.The company's shares rose 7% in recent Monday trade.

ASX:IEL
Research

CLSA Upgrades IDP Education to Hold from Reduce; Price Target is AU$2.42

IDP Education (ASX:IEL) has an average rating of overweight and mean price target of AU$3.93, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ASX:IEL
Asia

IDP Education Faces Ongoing Student Placement Headwinds But Earnings Remain Resilient, Jefferies Says

IDP Education (ASX:IEL) is expected to deliver relatively stable earnings despite continued pressure on student placement revenue, supported by cost discipline, resilient International English Language Testing System (IELTS) operations, and a planned fiscal year 2027 share buyback, Jefferies said in a June 19 note.Jefferies said earnings remain more resilient than revenue, with stronger cost discipline supporting fiscal year 2026 adjusted earnings before interest and taxes margins and expected net cost reductions rising to about AU$30 million from AU$25 million, helping offset ongoing top-line pressure.The firm expects medium-term earnings support from the AU$50 million fiscal year 2027 buyback and digitalization-driven cost savings, with fiscal year 2025 digital investments further aiding cost reductions over time.The firm believes student placement weakness will persist in the near term, while revenue may recover modestly on resilient yields and IELTS expansion in China, with limited visibility beyond fiscal year 2026.The firm cut fiscal year 2026 to fiscal year 2028 revenue forecasts by 2% to 13% due to weaker sentiment in student placement markets. Fiscal year 2026 earnings were raised 48%, while fiscal year 2027 to fiscal year 2028 estimates were reduced 17% to 29% amid limited growth visibility.Jefferies maintained a buy rating on IDP Education while lowering the price target to AU$3.30 from AU$7.80.

ASX:IEL
Asia

IDP Education Launches AU$50 Million Buyback; Confirms Fiscal Year 2026 Earnings Outlook; Shares Advance 12%

IDP Education (ASX:IEL) is launching an on-market share buyback program for up to AU$50 million, according to a Friday filing with the Australian bourse.If the program reaches its limit over the course of fiscal year 2027, the company's net leverage ratios as of Dec. 31 and June 30, 2027, are expected to be broadly in line with fiscal 2026, per the filing.Additionally, IDP Education confirmed its fiscal year 2026 adjusted earnings before interest and taxes guidance of about AU$122 million, and expects to have a net leverage ratio of around 1x at the end of June.The company now forecasts a AU$30 million net reduction in its cost base in fiscal year 2026, above the previous AU$25 million target. It has also identified additional reductions for fiscal year 2027 that are expected to more than offset natural cost inflation.IDP Education shares rose 12% in recent Friday trade.

ASX:IEL
Asia

Elevra Lithium, Electro Optic Systems and Others Join S&P/ASX 200 Index

Elevra Lithium (ASX:ELV), Electro Optic Systems (ASX:EOS), FireFly Metals (ASX:FFM), Kingsgate Consolidated (ASX:KCN), and Minerals 260 (ASX:MI6) joined the S&P/ASX 200 Index before trading began on Monday, S&P Dow Jones Indices reported Friday.Meanwhile, Guzman Y Gomez (ASX:GYG), IDP Education (ASX:IEL), SiteMinder (ASX:SDR), Temple & Webster (ASX:TPW) and WEB Travel (ASX:WEB) were removed from the index as part of the rebalancing.

ASX:ELVASX:EOSASX:FFMASX:GYGASX:IELASX:KCNASX:MI6ASX:SDRASX:TPWASX:WEB
Asia

Canada Fiscal 2026 Year-to-Date Study Permit Holders Remain Weak, Jefferies Says

The Canada fiscal 2026 year-to-date study permit holders remain weak, declining 25% year-over-year, and its alignment with IDP Education's (ASX:IEL) Canada volume has weakened since the first fiscal half, as the broader market data captures more than just higher education, Jefferies said in a note on May 29.The fiscal 2026 year-to-date to March study applications declined 51% year-over-year, with an improvement in March. While the applications data spans all study levels, the post-secondary level remains the largest component.The investment firm has a buy rating and a AU$7.80 per share price target on IDP Education.

ASX:IEL
Asia

Market Chatter: IDP Education Downgraded Due to Weak Visa Volumes, Clampdown on International Students, Macquarie Says, AFR Reports

IDP Education (ASX:IEL) was downgraded due to weak visa volumes, a stronger Australian dollar, and a clampdown on international students in Australia, the UK, and Canada, Macquarie said, according to a Friday report by the Australian Financial Review (AFR).Macquarie downgraded its rating on IDP Education to underperform and cut the price target to AU$2.35 per share from AU$2.66 per share.(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.)

ASX:IEL
Asia

IDP Education's IELTS Website Traffic Grew 28% in April, Jefferies Says

IDP Education's (ASX:IEL) IELTS website traffic grew 28% year-over-year in April, implying around 28% year-over-year growth in the fiscal second-half-to-date to April, according to a Thursday note by Jefferies.Similarweb traffic data for major English-language testing websites showed continued momentum in April, with combined visits to IELTS, PTE, TOEFL, Duolingo, and CAEL increasing 17% year-over-year and accelerating from a 14% year-over-year increase in March.Growth was primarily driven by IELTS, TOEFL, and Duolingo. IELTS, TOEFL, and Duolingo traffic was above baseline in the month, relative to the April 2025 baseline.The investment firm assigned a buy rating on IDP Education with a price target of AU$7.80 per share.

ASX:IEL
Wire

IDP Education to Introduce Malaysia as Study Destination

IDP Education (ASX:IEL) expanded its range of study destinations by supporting students to study in Malaysia, according to a Tuesday statement.The company cited changing student preferences as a reason for the move, with growing demand for new destinations offering strong education quality, career outcomes, and affordable study options.The initial rollout will focus on a select number of markets as part of a phased pilot.IDP Education's shares declined 1% in recent trading on Tuesday.

ASX:IEL

Track with the FINWIRES app suite

FolioX
FolioX
Track ASX:IEL in your portfolio
WheelAI
WheelAI
Analyze ASX:IEL options with the wheel strategy
StockInsider
StockInsider
See market sentiment on ASX:IEL