Companies reporting w/c 1 April

What to expect from companies announcing results week commencing 1 April 2019.

The Share Centre gives its thoughts on what to expect from companies announcing results week commencing 1 April 2019; a quiet week for companies reporting.

Friday

Easyjet (Q2 2019 Sales and Revenue Release)

The trading update from Easyjet in January was rather mixed and came with rather cautious comments on prospects for the first half of the year. Investors will be interested to hear if that has been borne out as the first six months come to a close, and will particularly focus on whether there’s been the anticipated drop in revenue per seat. The company’s guidance on full-year profits will also be a focus and the market will be interested in any comments on why it recently decided to drop out of a consortium looking to buy the troubled Italian airline Alitalia. As an airline that operates mainly in the EU the market will also be interested in any update on its preparations for Brexit.

We currently list Easyjet as a BUY

Economic Diary

There is relatively little in terms of economic data releases of significance from the UK however we do have the latest sentiment indicators from purchasing manager’s in the manufacturing, construction and services sectors. Being the largest sector, the services sector has been leading the economy forward is still expected to show growth during March with the index at 51.3. Manufacturing PMI is also expected to show growth but some may suggest his is as a result of stockpiling for the uncertainty going forward; though both of these sectors have been trending lower in recent months. However, the construction sector has been weak and we are expecting another month a reduced activity.

In the US, we have the latest set of jobs numbers. Looking back on the February figures, it was the biggest shock in the long time when economists expected roughly 300,000 jobs being created, the US economy only created 20,000. This along with a fair bit of other economic data suggests the strong US economic growth was slowly grinding to halt and the latest sentiment around US interest rate rises reflects this. However, for March, there is an expectation of a bounce back to roughly 167,000 jobs being created while the unemployment rate should still hold at records lows of 3.8%.

All information given including prices, yields and our opinion is correct at the time of publication. Our opinions on investments can change at any time and for our latest view please go to www.share.com. To understand how our Investment research team arrive at their views please read our Investment Research Policy.