Danone: Oddo provides earnings estimates
(CercleFinance.com) - Oddo says in its daily equity review that it expects Q2 to be Danone's last quarter of weak growth, with the broker saying that the group could pleasantly surprise the market regarding its operating margin.
Before this publication, analysts confirm their buy rating on the stock, along with their target price of 88 euros.
The broker points out that the share is still trading at a discount of close to 20%, despite its sound performance YTD. The second quarter is expected to post 1.6% growth, against the consensus at 2.2% .The actual publication will probably be between both these estimates.
The group's operating margin is expected to increase by 31bp over in H1. The group is expected to reiterate its 2019 guidance, which implies LFL growth of between 4% and 5%, the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Before this publication, analysts confirm their buy rating on the stock, along with their target price of 88 euros.
The broker points out that the share is still trading at a discount of close to 20%, despite its sound performance YTD. The second quarter is expected to post 1.6% growth, against the consensus at 2.2% .The actual publication will probably be between both these estimates.
The group's operating margin is expected to increase by 31bp over in H1. The group is expected to reiterate its 2019 guidance, which implies LFL growth of between 4% and 5%, the broker adds.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.