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The earnings season of 2020 will be one for the history books. The pandemic-battered markets are changing the rules of trade, turning blue-chip stocks into losing bets and small-cap stocks to winning bets.
In the coming days, investors across the globe will gauge TSX-listed companies releasing their results and outlook. The period outlines the most crucial time in the financial market, factoring-in to the stock price momentum and aiding investors in their decision making.
As the season kicks-off, it could turn into a wild show swinging from opening a Pandora's box to peeking into a window with lush green financials.
The unprecedented pandemic has broken long-enduring growth records, shattered critical economic benchmarks, forced federal government to launch extraordinary monetary stimulus and altered business forecasts for 2020 and beyond. Stymied by lockdowns, dreading a second wave and striving to flatten the curve, the world awaits a vaccine that could turn the corner.
However, there is some comfort in the fact that companies are not only accepting the “new normal” but are rising to the test in extraordinary ways to address volatile business and humanitarian aspects. While everyday holds distinct excitement in the markets, some of the listed companies are back in action, whetting investor appetite as the Reporting Season knocks – the show that is likely to unveil how companies have responded to COVID-19!
We are wary of the turbulence at a bigger scale wherein companies’ earnings (in general) are being impacted by external uncertainties such as coronavirus, inflation and geopolitical tensions. Nonetheless, we expect a group of star performers showcasing the potential in a defensive way.
In view of the above, we bring to you the timeline of these releases so that you do not miss out to check the performance of your favourite TSX-listed companies!
| Date | Company Name | TSX Code | Reporting period | Business Outlook |
|---|---|---|---|---|
| 8-Sep-20 | Major Drilling Group International Inc | MDI | Q2 2020 | Revenues are expcted to jump 15% over the last reported quarter, but earning might grow 3x over the same period |
| 9-Sep-20 | Descartes Systems Group Inc | DSG | Q2 2020 | Revenues and earnings both are expected to contract between 2% - 5% QoQ, in Q2 2020 |
| 9-Sep-20 | Transcontinental Inc | TCLa | Q2 2020 | Revenues are expcted to fall by 5% QoQ, but earnings might contract more drastically as margin shrinks |
| 9-Sep-20 | Aurora Cannabis Inc | ACB | Q2 2020 | Revenues in Q2 2020 are expected to be in-line with last reported quarter, and earnings in a negative territory |
| 9-Sep-20 | Evertz Technologies Ltd | ET | Q2 2020 | Earnings are expected to drop to half QoQ, despite revenues are expcted to fall by only 15% |
| 10-Sep-20 | Empire Company Ltd | EMPa | Q2 2020 | Revenues are expected to grow in Q2 2020, over the last reported quarter, however earnings might drop by 8% for the same period |
| 10-Sep-20 | Enghouse Systems Ltd | ENGH | Q2 2020 | Earinings are expected to fall by 25% QoQ in Q2 2020, despite small drop in sales as margin falls |
| 10-Sep-20 | Tecsys Inc | TCS | Q2 2020 | Earnings are expcted to contract faster than drop in sales, as margin take a hit |
| 10-Sep-20 | Transat AT Inc | TRZ | Q2 2020 | Revenues are expected to see a significant drop as lockdown impact starts to appear in numbers |
| 11-Sep-20 | North West Company Inc | NWC | Q2 2020 | Earnings and revenues are expcted to come more or less in-ine with Q1 2020 |
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