VTB, Walt Disney, Children's World: what quotes to follow today
What will determine the situation on exchanges on Thursday, November 7, and what assets an investor should pay attention to, read the RBC morning review
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VTB shares. On November 7, VTB will report to investors on financial results for the past quarter and nine months of 2019.
According to analysts of Uralsib Capital, VTB’s quarterly profit may increase by 70%, to the maximum value since the beginning of 2018, and will amount to ₽52 billion.
For investors, the key issue for VTB reporting is to achieve a forecast for profit growth of up to ₽200 billion for the whole of 2019, according to BCS experts.
Shares of the "Children's World". Today, the financial statements for the third quarter and nine months of 2019 will also be published by Detsky Mir. Over the past three months, the shares of the trading network rose from ₽89 to ₽97 (16:20 Moscow time on November 5). On Tuesday, the Detsky Mir board of directors recommended paying dividends for the first nine months of 2019 in the amount of 100% of RAS net profit – $ 3.74 billion. This implies a payment of $ 5.06 per share. The register of investors who can receive these dividends will be closed on December 17.
“Despite the overbought and proximity of the Russian market to important technical resistances, there are no serious internal drivers for large-scale sales so far,” said Vasily Karpunin, head of the BCS Broker stock market experts department. – In a number of papers, the space for a positive revaluation is still preserved. In our opinion, this concerns the shares of MTS, Detsky Mir, Unipro, LUKOIL, Inter RAO, Moscow Exchange, Yandex.
Walt Disney Promotions. Today, the quarterly financial report will be presented by Walt Disney, whose shares last summer showed a record of $ 147 and have since dropped to $ 132.
It is expected that the financial results will record net profit per share in the range of $ 0.94–0.97 and revenue of $ 19.29 billion. If these numbers are confirmed or exceeded, the company's paper may well win back the lag shown in the summer record or even surpass him, Forbes predicts.
At the same time, Zacks analysts draw attention to the fact that over the past four quarters Disney has exceeded market expectations three times and only once did not reach forecasts. This happened in the previous quarterly report, which showed net income per share of $ 1.35 against the expected $ 1.76.
It is believed that quarterly results alone will be of secondary importance for Disney papers – company management forecasts will become a more important element of the report, especially in light of the upcoming Disney + video service launch.
Shares Take-Two. On November 7, Take-Two Interactive, the video game developer, publisher and distributor of blockbusters such as Red Dead Redemption, Grand Theft Auto, Borderlannds, and NBA, will publish the financial statements. Take-Two is the third largest public gaming company by capitalization, second only to Activision Blizzard and Electronic Arts.
According to the results of the quarter, Take-Two revenue is expected to be from $ 855 million to $ 905 million. Last quarter, earnings per share of the company fell to $ 0.41, which is 34% lower than the same period a year earlier. According to the forecast, today's report will show earnings growth per share to $ 1.24.
Uber Stocks. On Wednesday, the limitation period for the sale of Uber shares after an IPO expired. As a result, the securities dipped to a minimum. The agency Bloomberg noticed that the value of the shares during the day fell to $ 25.58 – for the company this is a record low. By the end of the trading session, the price rose to $ 26.94 (-3.85%).
Uber's IPO became the largest in the U.S. market in 2019, but since entering the stock exchange, securities have lost about 40% of their original value. Nevertheless, experts still positively assess the prospects of Uber – according to Bloomberg, 25 analysts give securities a recommendation to buy, 12 to hold, and only one is advised to sell the asset.
The companies of the RBC Quote catalog that will release reporting on November 7: Rostelecom, VTB, Detsky Mir, Discovery Communications, TripAdvisor, Take-Two, TGK-1, Walt Disney, Activision Blizzard.
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