Companies reporting w/c 25 June

What to expect from companies announcing results week commencing 25 June.

Article updated: 21 June 2018 10:00am Author: Graham Spooner

Graham Spooner, Investment Research Analyst at The Share Centre, gives his thoughts on what to expect from companies announcing results week commencing 25 June 2018.

Monday

Carnival (Q2 2018 Earnings Release)

The group’s shares have run out of steam over the last nine months possibly reflecting the higher oil prices. Investors will be hoping that the increasing amount of people wanting to go on holiday cruises has continued and for signs that those customers are prepared to pay more. One area to concentrate on will be demand from Asia, especially China. With the hurricane season coming up analysts have cautioned over Caribbean demand.

We currently list Carnival as a BUY

Porvair (Q2 2018 Earnings Release)

There’s unlikely to be any major surprise in the results as the group came out with a trading update on 6 June but profits are expected to be ahead of last year. Around 54% of revenue comes from North America where aviation and metals filtration has been strong. Any new contract wins will be worth noting as will the benefits of expanding its facilities both in the UK and US.

We currently list Porvair as a BUY

Wednesday

Tullow Oil (Q2 2018 Sales and Revenue Release)

With the group’s production guidance being raised for the current year and having had oil prices hit $80 a barrel, investors will be expecting good revenue numbers from the group for the half year. Investors will also expect an update on the new exploration projects in Africa and South America and whether management have been able to reduce the debt load any further.

We currently list Tullow Oil as a BUY

Whitbread (Q1 2019 Sales and Revenue Release)

The sales and revenues figures will most likely be overshadowed by the media and investors demanding to know more of the possible demerger of the Costa coffee business where management have suggested a possible separate share listing. However, it has been rumoured that several private equity vehicles have been interested and we’ll wait to see if management have been lured. The group gave a warning that the state of the UK high street would affect them despite the coffee chain seeing continued growth in the UK. Investors will also expect a progress report on their German expansion of their Premier Inn hotel chain.

We currently list Whitbread as a HOLD

Graham Spooner portrait photo
Graham Spooner

Investment Research Analyst

Graham started out as a fully authorised dealer on the Stock Exchange trading floor and for various banks, before becoming an FSA-approved investment adviser. Now a respected voice in the media, Graham’s share tips and comments on the markets are frequently sought by the national press.