Citi forecasts above-consensus 5% FY26 growth for Australia's Computershare

** Citi continues to forecast earnings per share growth for Computershare CPU.AX above consensus, projecting a 5% increase in FY26

** Brokerage says a combination of cost savings, improved margin income yield on hedged balances, and other factors should justify the FY26 EPS growth estimate

** Citi expects volume recovery following peak tariff concerns in CPU's corporate trust business, which handles debt securities, although the division appeared slightly more subdued in the second half of FY25 than the company's expectations

** Citi maintains "neutral" rating on CPU, retains price target of A$40.90

** CPU to report FY25 earnings on August 13

** Seven of 11 analysts rate the stock "hold", and four "sell" or lower; their median PT is A$38.35, according to data compiled by LSEG

** Stock up 19.6% YTD