Analyst consensus and coverage
ZIGUP plc (“ZIGUP”) is committed to providing the market with helpful and relevant information to make informed decisions.
As part of this commitment, ZIGUP collects estimates from sell-side analysts who actively cover ZIGUP in order to produce a company-compiled consensus.
To ensure the market has access to accurate information, ZIGUP may exclude estimates from analysts where figures are stale or where specific events have not yet been reflected in their forecasts. Examples of such events include the publication of interim or full year results, a trading update, a new accounting standard or an M&A event. The figures set out below are as at 20 December and reflect figures from the 4 analysts who have updated subsequent to our 3 December interim results.
Analyst Consensus Estimates*
| FY 2026 Mean | FY 2026 Range | |
|---|---|---|
| Total revenue (£m) | 1,881.4 | 1,851.5 – 1,917.3 |
| Underlying EBIT (ex disposals) (£m) | 163.6 | 162.6 – 164.7 |
| Underlying EBIT (£m) | 197.6 | 197.0 – 198.6 |
| Underlying Profit before tax (£m) | 156.3 | 154.5 – 158.0 |
| Closing net debt (inc IFRS16) (£m) | 975.1 | 952.6 – 1,005.8 |
| Underlying Earnings per Share | 52.9 | 51.8p – 53.6p |
Underlying earnings per share is calculated using the basic EPS share count at end-FY2025.
Corporate brokers (Coverage analyst)
Barclays
James Rose
1 Churchill Place
Canary Wharf
London
E14 5HP
DB Numis
David Brockton
45 Gresham Street
London
EC2V 7BF
Additional analyst coverage **
Jeffries
David Farrell
100 Bishopsgate
London
EC2N 4JL
Panmure Liberum
Andy Smith
Ropemaker Place
25 Ropemaker Street
London
EC2Y 9LY
Peel Hunt
Andrew Nussey
7th Floor
100 Liverpool Street
London
EC2M 2AT
Disclaimer
* The consensus figures are not based on, nor do they represent, ZIGUP’s own opinions, estimates or forecasts and are compiled and published without comment from, or endorsement or verification by ZIGUP. The forecasts on which the consensus figures are based are the responsibility of each participating analyst alone.
By providing consensus figures, ZIGUP does not endorse, confirm or express a view on the consensus figures or any underlying analyst’s estimates. The consensus figures are provided for informational purposes only and are not intended to, nor do they, constitute investment advice or any solicitation to buy, hold or sell securities or other financial instruments. No warranty or representation, either express or implied, is made by ZIGUP or its affiliates, or their respective directors, officers and employees, in relation to the accuracy, completeness or achievability of the consensus figures and, to the fullest extent permitted by law, no responsibility or liability is accepted by any of those persons in respect of those matters.
** ZIGUP plc is followed by the banks/brokers listed above who may also publish material commenting on ZIGUP plc from time to time. Please note that any opinions, estimates, forecasts or predictions regarding ZIGUP plc made by these banks/brokers are theirs alone and do not represent opinions, estimates, forecasts or predictions of ZIGUP plc or its management. ZIGUP plc does not imply its endorsement of or concurrence with such information, conclusions or recommendations and does not accept any responsibility whatsoever for the views of these banks/brokers or any other analysts reporting on ZIGUP plc. ZIGUP plc makes no representation that the above list of banks/brokers is complete.