IRESS Ltd
IRE: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$15.00 | Mvblb | Lkwtfxj |
Iress' Earnings Blip Should Reverse Course
Business Strategy and Outlook
Iress is positioned to deliver improved earnings growth through the strategic refocusing on its core business units in Asia Pacific, mainly in Australia. The core business consists of a trading and market data product, a wealth management platform and a superannuation administration system. This follows a prolonged expansion into lower-returning noncore and overseas markets, which have eroded the firm’s economic returns.