Analysts from Jefferies and Morningstar express uncertainty regarding Australia’s Endeavour Group’s (ASX:EDV) outlook.

The company is projecting a sense of weakness and uncertainty.

Endeavour Group (ASX:EDV) is guiding their net interest expense to be around A$280 million to A$310 million, which according to Jefferies, creates a headwind of 4-8% for NPAT.

Further, management commentary suggests little change to consumer spending patterns across their retail and hotels segment which could potentially negatively impact their outlook.

Morningstar predicts essentially a flat net profit after tax for fiscal 2024.

The company, according to Morningstar, is expected to see a decline of 40 bps in their pretax profit margins in fiscal 2024.

Following a 4.3% drop on Wednesday, the shares are on course to further their losses, with a potential fall of as much as 3.5%.

The stock has dropped 10.4% this year up to the last close.

Endeavour Group (ASX:EDV) is a prominent Australian company with a focus on the retail and hospitality sectors.