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 […]
Investors Bite
Apple surprises with solid iPhone sales, announces $100 billion buyback
1/5/2018/Reuters Stephen Nellis Apple Inc on Tuesday reported resilient iPhone sales in the face of waning global demand and promised $100 billion in additional stock buybacks, reassuring investors that its decade-old smartphone invention had life in it yet. Apple’s quarterly results topped Wall Street forecasts, which dropped ahead of the […]
FBNH – Unconvincing Start To The Year As Earnings Miss Estimates; TP Revised to N12.82 (N15.88)
Culled—Proshare May 1, 2018/Vetiva Research Highlights of Vetiva Analyst Report • Earnings lag estimates – PAT down 9% y/y • Higher than expected loan loss provisioning drags bottom line • Lower than expected one-time charge from IFRS 9 implementation • Loan loss provision revised higher to reflect Q1’18 run rate Earnings Lag Estimates – […]
