Results & Dividends

Fidelity Bank Q1 2019 Results Review: 2019E Forecasts Tampered By Discount To FX Income

Culled–Proshare April 30, 2019 By FBNquest Research 5-6% increase to our 2019-20E EPS forecasts and price target Fidelity Bank’s (Fidelity) Q1 2019 PBT came in around 18% higher than our forecast mainly because of a positive surprise in non-interest income. A significant proportion of the stellar growth in non-interest income […]

Nestle Nigeria Plc Q1-19: Earnings Beat Estimates on Margin Expansion

April 30, 2019/Cordros Report Event: NESTLE recently published Q1-19 results, with EPS growth of 49.3% y/y, driven by increased revenue, gross margin expansion, higher net finance income and lower effective tax rate. The achieved EPS beat our estimates for the three months period by 61% due to positive surprises on […]

Earnings Review: Setting a Steady Course

April 30, 2019/Mastercard Sachin Mehra This morning, we announced our financial results for the first quarter of the year. I’m pleased to share that we reported a solid start to the year. The numbers speak for themselves – double-digit gains in net revenue, operating income and EPS, all on a […]