We give our thoughts on what to expect from companies announcing results week commencing 7 October 2019.
Companies reporting w/c 7 October
easyJet (Full-year pre close trading update)
The demise of Thomas Cook and the grounding of its UK planes has placed a spotlight on the wider travel sector so investors will be watching this full year update from easyJet with interest. The budget airline is seen as one of the potential beneficiaries of Thomas Cook’s failure and investors will be interested in any comments on that issue from the company. It has had its own battles with rising fuel prices and concerns about overcapacity. The shares dropped out of the FTSE 100 in September but have since recovered strongly.
We do not currently have a view on this stock.
Mondi (Q3 2019 Sales and Revenue Release)
Results in July slightly disappointed the market and this has been reflected in the share price which has remained close to a two-year low. Macroeconomic uncertainty has not gone away and the shorter-term outlook for the group could be somewhat subdued. This global leader in packaging and paper involved in forestry through to the final products deserves to have a higher profile being as it is a FTSE 100 constituent. Areas to focus on are costs, margins, and pricing of key paper grades.
We currently list Mondi as a BUY
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.