Using the TipRanks Earnings Calendar for the UK market, we have shortlisted two companies, Smiths Group PLC (GB:SMIN) and Close Brothers Group PLC (GB:CBG), that are scheduled to announce their FY23 earnings this week. For Smiths Group, analysts are upbeat about the upcoming numbers and have confirmed their Buy ratings. As for Close Brothers, the company is confident about delivering strong numbers for the full year 2023 after a challenging first half.
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The TipRanks Earnings Calendar proves to be a useful tool, delivering timely information on forthcoming earnings reports. It equips users with essential data, including the announcement date, projected EPS, actual EPS, and other critical details.
Let’s take a look at these companies.
Smiths Group Earnings 2023
Smiths Group is a British multinational engineering company with operations spanning more than 50 countries.
The company is gearing up for its final results for fiscal year 2023 on Tuesday, September 26, on the heels of an impressive performance. According to TipRanks, the consensus EPS forecast for the fourth quarter is £0.51 per share, which is above the EPS of £0.39 reported in the same period last year. The projected revenue for Q4 is around £1.52 billion.
The company has reported growth for eight consecutive quarters and has raised its financial guidance on multiple occasions. After reporting strong third-quarter earnings, the company has revised its guidance and is now anticipating organic revenue growth of 10% for the full year 2023.
Despite its strong operating performance, the company’s share price has only seen a modest increase of 4.5% year-to-date.
Seven days ago, Christian Hinderaker from Goldman Sachs reiterated his Buy rating on the stock, predicting an upside of 31.5% in the share price.
What is the Target Price for Smiths Group?
With a total of five recommendations, SMIN stock has a Moderate Buy rating on TipRanks. It includes three Buy and two Hold ratings. The Smiths Group share price target of 1,811p signifies a 9.3% change from the current price level.
Close Brothers Group Earnings 2023
Close Brothers Group plc is a British merchant banking group that offers a range of financial services, including lending, deposit-taking, wealth management, and securities trading.
The company will announce its full-year results for FY23, including Q4 numbers, on Tuesday, September 26. The company’s stock experienced major volatility in 2023 and lost 20% year-to-date.
In its pre-close trading update, the company maintained solid growth momentum for its second-half performance and reported numbers for 11 months of FY23. The company’s loan book grew by 3.7% to £9.4 billion, reflecting demand in commercial business and property finance. Its year-to-date net interest margin stood at 7.7%, driven by strict cost control measures.
Are Close Brothers Shares a Good Buy?
According to the TipRanks consensus rating, CBG stock has been assigned a Hold rating backed by two Buy, one Hold, and one Sell recommendations. The Close Brothers share price forecast is 1,140.5p, which is 33% higher than the current price.
