We give our thoughts on what to expect from companies announcing results week commencing 3 June 2019.
Companies reporting w/c 3 June
Findel (Final results)
The shares have had a poor run over the past six months despite generally good news from the company in relation to trading at its online retail website studio and some signs of recovery at its educational supplies business. Following the last update just a few weeks ago the market will be expecting full-year profits slightly above the £27-28m range given previously, and will also be looking for an indication of how trading has been so far in the new financial year. Any comments on how the company plans to reduce its debt level will also be of interest to investors.
We currently list Findel as a BUY
Auto Trader (Q4 Earnings)
The share price has continued to power ahead this year, despite some recent analyst downgrades. This market leader has benefitted from revenue growth beating some expectations and the fact demand for second-hand cars has stayed resilient. The numbers will need to be good with the shares now trading on 26 times prospective earnings. Investors will need to focus on costs and average monthly revenue per retailer.
We currently list Auto Trader as a HOLD
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.