Alstom: Oddo provides FY earnings estimates
(CercleFinance.com) - Alstom will announce its FY results on 7 May.
Oddo expects an new orders of 12.2 billion euros, revenues of 8,180 million euros (+12% in organic terms), adjusted EBIT of 581 million euros (EBIT margin of 7.1%) and net income of 661 million euros.
The broker expects FCF of 230 million euros, against 128 million euros in March 2018, thanks to a better conversion of results and a more favourable WCR.
Prior to this publication, the broker confirms its buy rating on the stock, along with its target price of 42.50 euros.
In its daily equity review, Oddo adds that the group is expected to provide guidance for March 2020. Meanwhile, the broker expects sales of 8,507 million euros (+4% in organic terms), adjusted EBIT of 630 million euros (margin of 7.4%), net income of 392 million euros (no exceptional gains) and FCF of 329 million euros.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Oddo expects an new orders of 12.2 billion euros, revenues of 8,180 million euros (+12% in organic terms), adjusted EBIT of 581 million euros (EBIT margin of 7.1%) and net income of 661 million euros.
The broker expects FCF of 230 million euros, against 128 million euros in March 2018, thanks to a better conversion of results and a more favourable WCR.
Prior to this publication, the broker confirms its buy rating on the stock, along with its target price of 42.50 euros.
In its daily equity review, Oddo adds that the group is expected to provide guidance for March 2020. Meanwhile, the broker expects sales of 8,507 million euros (+4% in organic terms), adjusted EBIT of 630 million euros (margin of 7.4%), net income of 392 million euros (no exceptional gains) and FCF of 329 million euros.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.