Culled—Proshare November 7, 2017/FBNQuest Research 2% cuts to our 2018E EPS forecast and price target Diamond Bank’s Q3 2017 results diverged markedly from our forecasts, mainly because of a negative surprise in pre-provision profits. To a lesser extent, slightly elevated opex and loan loss provisions relative to our forecasts also […]
Results & Dividends
Nestle Nigeria Plc: Steady Earnings Momentum, Committed To Profit Stability
Culled—Proshare November 7, 2017/Vetiva Research Revenue prints in line with estimates, up 43% y/y PAT 9% below estimate on higher FX losses Strong cash position supports deleveraging strategy FY’17 EPS revised lower to reflect FX losses 9M’17 revenue in line, PAT marginally below estimate Still strongly supported by higher pricing […]
Upward Revision to 2017F Estimates; PAT and PBT to Grow y/y by 24.31% and 30.39%
November 6, 2017/Cordros Research In its recently released Q3-17 results, GUARANTY’s gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and -3.51% q/q) and PAT (-1.34% y/y and -72 bps q/q) consequently coming in lower (missed our estimates by 11.20% and 3.88% […]
