The earnings season of the first quarter of fiscal 2021 is likely to show marginal recovery across most sectors. The pandemic-hit enterprises are amending the guidelines of their operations, turning large-cap companies into mid-caps and mid-cap stocks into small-caps.
As May 2021 comes along, investors will keenly be watching out for the first-quarter earnings results of the Toronto Stock Exchange (TSX)-listed companies.
On this page, we compile the earnings release dates and business outlooks of some of the top Canadian companies. While many refrained from providing any guidance amid the uncertain times of the COVID-19 pandemic, those that are available could help investors make a better investment decision.
As the earnings season commences, companies are likely to present their numbers on how businesses have recovered from the previous year’s slump. Here is your gateway to the important earnings for the week:
|Date||Company Name||TSX Code||Reporting period||Business Outlook|
|3-May-21||Suncor Energy||SU||Q1 2021||It might marginally recover from its previous year's operating loss, while the Bottom line is expected to be negative.|
|4-May-21||Bausch Health||BHC||Q1 2021||EBITDA is likely to be positive year-over-year, bottom line is anticipated to be modest (The company expect to pay US$100M of Debt this quarter).|
|4-May-21||B2Gold Corp.||BTO||Q1 2021||Revenue to witness a single-digit surge, as the company reported a 9% rise in gold production YoY.|
|5-May-21||Barrick Gold||ABX||Q1 2021||A slight improvement in precious metal sales could help EBITDA and Revenue to stay in line with the previous quarter.|
|5-May-21||Manulife Financial||MFC||Q1 2021||Net Income is likely to rise sharply YoY, sequential increase in the investment management segment is anticipated.|
|5-May-21||Sun Life Financial||SLF||Q1 2021||Earnings per share and Asset management growth are likely to improve sequentially. Sun Life might provide more information on the PinnacleCare acquisition.|
|6-May-21||Canadian Natural Resources||CNQ||Q1 2021||Revenue for the quarter is set to witness a sharp rise year-over-year, guided by the oil prices rebound against the last year's oil price slump.|
|6-May-21||Pembina Pipeline||PPL||Q1 2021||The oil producer is likely to report consecutive record EBITDA and cash flow year-over-year.|
|7-May-21||Air Canada||AC||Q1 2021||The national airline is set to report higher losses for the previous quarter, led by the renewed COVID-19 related travel restrictions.|
|7-May-21||Enbridge||ENB||Q1 2021||Its adjusted EBITDA is likely to grow for the first quarter of 2021, adjusted earnings per share are estimated to be in line with Q4 2020.|