Culled—Proshare May 2, 2018/FBNQuest Research Modest upward revisions to estimates and price target Okomu Oil’s (Okomu) Q1 2018 earnings were broadly in line with our estimates. Consequently, we have increased our earnings forecast over the 2018-19E period by 3% on average. Despite the modest revisions to our earnings forecasts, our […]
Results & Dividends
CCNN Strong start to 2018; earnings estimate revised higher
May 2, 2018/Cordros Report Update: CCNN started 2018 on an impressive note, reporting EPS growth of 111% y/y to NGN0.86, which when annualized, is almost 2x market expectation. The EPS is only 9% below the company’s single-quarter best of NGN0.95 recorded in Q4-17. The impressive Q1-18 performance is broad-based, and […]
Nestle Nigeria Q1-18 EPS behind expectation; slight downward revision to 2018E estimate
May 2, 2018/Cordros Report Update: NESTLE recently published Q1-18 result showing EPS grew by a marginal 3% y/y to NGN10.86, which is behind what the market expects for the period by 15%. Compared to our estimate, the achieved EBIT was short by 1% while EPS missed by 25%, owing to […]
