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Summary
- Amid the ongoing corporate earnings season, most of the stocks are likely to be steered by the performance in Q4 results.
- About two dozen FTSE 250 corporations are lined up with their respective Q4 FY20 as well as full-year results.
UK stock indices have largely oscillated in a range-bound manner with the benchmark FTSE 100 and FTSE 250 remaining sensitive to macro data and corporate earnings. With a couple of major data points set to be revealed later in the present week and the upcoming corporate numbers are likely to steer the headline indices.
On Friday, the Office for National Statistics is scheduled to release the GDP growth rate for the October-December quarter alongside the metrics for industrial production, manufacturing production, and balance of trade. The CPI-based inflation for January and the UK house price index would be unveiled in the next week.
Investors have turned phenomenally cautious as a dozen of major listed companies are lined up to release their Q4 2020 and the FY20 financial results. Some of the corporations are expected to provide relatively meaningful guidance for the present quarter and the fiscal year.
With a sharp focus on earnings, we take a look at major FTSE 250 stocks that are likely to remain in the limelight today and in the upcoming weeks.
FTSE 250 earnings today
FTSE 250 components including Smurfit Kappa Group Plc (LON:SKG), Ashmore Group Plc (LON:ASHM), Dunelm Group Plc (LON:DNLM), Redrow Plc (LON:RDW), and Lancashire Holdings Ltd (LON:LRE) are all set to announce the corporate numbers for the fourth quarter on Wednesday, 10 February. The stocks of these companies are likely to remain in focus as they come up with their respective earnings.
Shares of Smurfit Kappa have risen more than 80 per cent from the 52-week closing lows, but the stock has slipped a little over 2 per cent in the last one month. Ashmore share price registered a 3 per cent gain on Tuesday itself ahead of the earnings release. The stock has returned as much as 8.5 per cent in the last two weeks.
The stock of Dunelm has lost 3 per cent of its value in the last one month. It will be crucial to see how the furnishing retailer has performed in the Christmas quarter. The stock of Redrow has amassed a gain of 9.6 per cent in the last two weeks in the run-up to the corporate earnings. The stock has an eventful fourth quarter as far as the share prices are concerned.
Notably, shares of Redrow jumped as much as 41.5 per cent in Q4 FY20, while the benchmark FTSE 250 index soared 18.3 per cent in the corresponding period. The stock of Lancashire has surged more than 9 per cent in the last seven trading sessions.
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Q4 earnings later in February 2021
Shares of AstraZeneca Plc (LON:AZN), Relx Plc (LON:REL) and City Of London IT Plc (LON:CTY) are likely to stay in focus as all of them will be announcing the Q4 FY20 results on Thursday, 11 February.
More than a dozen of FTSE 250 companies are ready with their respective quarterly and yearly earnings in the next week including BHP Group Plc (LON:BHP), Glencore Plc (LON:GLEN), Rio Tinto Plc (LON:RIO), British American Tobacco Plc (LON:BATS), Hochschild Plc (LON:HOC), and, Barclays Plc (LON:BARC).
The other prominent corporations are Smith & Nephew Plc (LON:SN), KAZ Minerals Plc (LON:KAZ), Hays Plc (LON:HAS), NatWest Group Plc (LON:NWG), Segro Plc (LON:SGRO), Standard Life Aberdeen Plc (LON:SLA) and TBC Bank Group Plc (LON:TBCG).
