While markets continue to combat COVID 19, another exciting Reporting Season is here!
It is again that time of the year when investors across the globe gauge LSE-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.
Six months down 2020 and what a year it has already been! Markets which were all set to come out of the phase of confusion after the long-awaited Brexit finally a reality and hopes high of a new beginning, but then, COVID 19 struck.
The first pandemic of its kind has broken long-enduring growth records, shattered critical economic benchmarks, forced governments 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 contemporary 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 August 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 factors like coronavirus impact and other global uncertainties. 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 LSE-listed companies!
|Date||Company Name||LSE Code||Reporting period||Business Outlook|
|2021-07-05 00:00:00||Porvair PLC||PRV||H12021||In the four months ended 31 March 2021, the performance had been better than expected. Revenue was down by 6% compared to last year. Things are improving, as while aerospace activity remained subdued, other parts of the business started to see stronger demand.|
|2021-07-06 00:00:00||Mercia Asset Management PLC||MERC||FY2021||Net of directly attributable staff bonuses, total performance fees across the Group for the year ended 31 March 2021 are £3.8million. Profit and total comprehensive income are expected to exceed £32million.|
|2021-07-06 00:00:00||Purplebricks Groups PLC||PURP||FY2021||The company is expected to report full year Adjusted EBITDA in line with current market expectations. Total instructions are up by 12%, while having strong cash balance at £74million.|
|2021-07-07 00:00:00||Enteq Upstream plc||NTQ||FY2021||Revenues expected to be $5million and the adjusted EBITDA to reach a breakeven. Cash balance at $81.mn, reflecting planned on-going investment during the year including the rental fleet, engineering projects and product development.|
|2021-07-08 00:00:00||Jet2 Plc||JET2||FY2021||For the year, group loss before foreign exchange revaluation and taxation from continuing operations for the financial year ended 31 March 2021 of between £375m - £385m. Total cash deposits up 104% to £1379 million.|