Brokerage Jefferies predicts a rise in Qube Holdings (ASX:QUB) earnings in FY24 due to the diversified nature of the Australian logistics company.

They assert that co’s container volumes in August matched expectations.

Qube Holdings (ASX:QUB) is chalked to prosper powerfuly in FY24 to reverse the anticipated 1H24 weakness in jointly-owned container terminal operator, Patrick, as well as the A$40-A$45 million of extra net interest costs in FY24, according to Jefferies.

They have sustained the Price Target (PT) at A$3.98 with a ‘buy’ rating.

Qube Holdings’s (ASX:QUB) value has risen by 1.78% Year To Date (YTD), as per the previous close.

Qube Holdings is an Australian logistics company with a diverse business portfolio.