UK-based tobacco manufacturer Imperial Brands (GB:IMB) and telecom company Vodafone Group (GB:VOD) will announce their next quarterly earnings for 2023 next week. Analysts have assigned both stocks a Moderate Buy rating, with a projected share price growth of over 15%.
TipRanks offers an updated Earnings Calendar for the UK market, which includes information on upcoming earnings, EPS, and sales forecasts. Users can filter this information based on different parameters like sector, rating, market cap, and more.
Let’s take a look at the details.
Imperial Brands PLC
Imperial Brands owns a portfolio of renowned brands such as West, Davidoff, Winston, Pulze, and iD, among others.
The company will report its half-year earnings for 2023 next week, on May 16, before the market opens. Analysts expect an EPS of 1.19p per share for the period, higher than the EPS of 1.07p reported in the same period last year. The projected revenue is estimated to be £4.2 billion.
The company expects its first-half revenue to fall as compared to last year due to the closure of its Russian business and lower volumes. Excluding the impact from Russia, revenue is expected to be flat for the first half.
However, analysts remain bullish on the stock based on an attractive dividend yield of 7,43%, a strong brand portfolio, and its expansion in the smoke-free segment.
Is Imperial Brands a Good Stock to Buy?
According to TipRanks, IMB stock has a Moderate Buy rating based on two Hold and one Buy recommendation.
The average price target is 2,197.67p, which implies an upside of 15.7% from the current level.
Vodafone Group PLC
The telecommunications giant Vodafone Group will publish its annual report for the fiscal year 2023 on May 16. For the fourth quarter, analysts expect earnings of 0.06p per share.
Ahead of its earnings yesterday, UBS analyst Polo Tang reduced his price target on the stock from 115p to 110p, while still maintaining a Buy rating. The price target shows an upside of almost 20% on the share price.
Among the analysts, Robert Grindle from Deutsche Bank is highly bullish on the stock and predicts growth of more than 100% in the share price. 13 days ago, he reiterated his Buy rating on the stock.
Is Vodafone a Good Stock to Hold?
VOD stock has a Moderate Buy rating as per TipRanks’ analyst consensus. This is based on four Buy and five Hold recommendations.
The average price forecast is 116p, which is 25.8% higher than the current level. The target price has a high forecast of 185p and a low forecast of 85p.
Conclusion
Among the analysts, Robert Grindle from Deutsche Bank is highly bullish on the stock and predicts growth of more than 100% in the share price. 13 days ago, he reiterated his Buy rating on the stock.
On the other hand, shareholders expect a positive turnaround for Vodafone, which could push the share prices higher.
