Investors Don't See Light At End Of Iress Limited's (ASX:IRE) Tunnel
Iress Limited (ASX:IRE) has a P/E ratio of 18.5x, below the Australian average of 22x, suggesting potential investment appeal. Despite strong past earnings growth, analysts predict a 1.3% annual earnings decline over the next three years, compared to the market's 18% growth. This weak outlook justifies the low P/E, indicating limited near-term share price growth. Investors should consider other risk factors and explore alternative investments with better growth prospects.
Simplywall·