The $48m question.....what is priced in?
Looking at Friday's price action on earnings reports in Europe, we are in for a rocky single-stock ride....
Up
1. ASTON MARTIN +21.5%.. Cash call well covered with Saudis now the company's third largest shareholder
2. TOM TOM +13%.. No puns about guidance but they delivered strong revenues despite inflation concerns2. KEMIRA +8.6%.. Operating EBITDA and Q2 revenues beat cons and very upbeat on the conf call4. LUFTHANSA +6.5%... Adjusted 2Q EBIT from EU 350M to EU 400MDown1. FEVERTREE -27%.. Huge miss blaming costs headwinds, supply chains and rising logistic costs2. SAIPEM -27%.. The underwriting IBs for rights issues were presented with their €400m of stock!3. VITEC -15.6%.. Earnings miss with costs flying 31%. Q2 profitability will be somewhat weaker
Up
1. ASTON MARTIN +21.5%.. Cash call well covered with Saudis now the company's third largest shareholder
2. TOM TOM +13%.. No puns about guidance but they delivered strong revenues despite inflation concerns2. KEMIRA +8.6%.. Operating EBITDA and Q2 revenues beat cons and very upbeat on the conf call4. LUFTHANSA +6.5%... Adjusted 2Q EBIT from EU 350M to EU 400MDown1. FEVERTREE -27%.. Huge miss blaming costs headwinds, supply chains and rising logistic costs2. SAIPEM -27%.. The underwriting IBs for rights issues were presented with their €400m of stock!3. VITEC -15.6%.. Earnings miss with costs flying 31%. Q2 profitability will be somewhat weaker
Loading...
