magazine archive
magazine archive
Week Ahead
Will British Airways owner International Consolidated Airlines' revival continue in the first quarter?
Thursday 09 May 2024Airline operator International Consolidated Airlines (IAG) is due to report first-quarter numbers on 10 May. The British Airways, Iberia, Aer Lingus and Vueling owner has experienced a revival of fortunes recently due to strong consumer demand – people are still prioritising holidays despite the...
Goldilocks is back in the room after turbulent time for markets
Thursday 09 May 2024Having started the year betting on up to half-a-dozen interest rate cuts, then having to undo those bets as stronger-than-expected US economic data and Fed comments pointed at the possibility of one or even no cut in rates this year, investors’ heads have been in a spin for the last few weeks. Cue...
Slowdown in discretionary spending seen impacting Home Depot earnings
Thursday 09 May 2024On 14 May, the world’s largest home-improvement retailer Home Depot (HD:NYSE) is set to release its first-quarter earnings. The firm, which has a market value of over $330 billion and operates more than 2,300 stores in the US, Canada and Mexico, is expected to report EPS (earnings per share) of $3...
No change expected in Fed policy after data throws up more mixed messages
Thursday 02 May 2024While the market’s focus moved on to US company earnings last week, spurring a strong rebound, investors received another reality check in the form of the first-quarter GDP and core PCE (personal consumption expenditure) figures. GDP grew at the slowest rate in two years while the PCE came in...
What will investors want from BP’s first-quarter results?
Thursday 02 May 2024Since BP (BP.) reported its full-year results on 6 February, events in the Middle East have helped drive Brent crude oil prices higher to bubble around the $90 per barrel mark. While this has already provided a boost to BP’s share price, it is only likely to have affected the last few weeks of the...
Disney theme parks and subscriber numbers at the forefront when the entertainment giant reports
Thursday 02 May 2024Walt Disney (DIS: NYSE) is due to report second quarter earnings on 7 May. Analysts expect the House of Mouse to deliver revenue of revenue to come in at $22.11 billion for the quarter and EPS (earnings per share) of $1.09. !function(){"use strict";window.addEventListener("message",(function(a){if(...
All eyes on sales momentum for Eli Lilly's obesity drug Zepbound
Thursday 25 Apr 2024Pharmaceutical giant Eli Lilly (LLY:NYSE) is due to report first-quarter earnings before the market opens on 30 April. Wall Street is expecting EPS (earnings per share) of $2.54 which represents a 57% increase compared with the first quarter of 2023. All eyes will be on sales momentum in Lilly’s...
UK housing market springs a surprise but all eyes still turned to the US
Thursday 25 Apr 2024The week started with positive UK economic news as the April Rightmove (RMV) house price survey showed asking prices rising at 1.7% on last year, their biggest jump in 12 months, driven by more top-end properties coming to market. The average price of homes put up for sale reached £372,324, less...
Retail giant Next sees strong first-quarter full-price sales increase
Thursday 25 Apr 2024With shares in UK high-street bellwether Next (NXT) trading close to all-time highs above £90 despite the recent pull-back in markets, there is a fair bit riding on its upcoming first-quarter trading update (1 May). When it posted full-year results in late March, the firm said it had been ‘a long...
Alcoholic drinks firm Constellation Brands needs to deliver on its guidance
Thursday 04 Apr 2024Beer, wine and spirits group Constellation Brands (STZ:NYSE) is due to update the market on fourth-quarter and full-year trading on 11 April. With the shares having gained close to 12% to $270 this year, within touching distance of their all-time highs last August, there is a lot riding on a...