Citi says Q3 earnings will be disappointing

Subscribe to GoodReturns
For Quick Alerts
Subscribe Now  
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts
    Citi says Q3 earnings will be disappointing
    Citi has said that those expecting an earnings upgrade for Q3 2013 could be disappointed.
     

    "Earnings growth (in Q3) will be lower than the prior 2 quarters (average 11 percent), sales growth should slip to single digit (8 percent), and margins will dip. While earnings growth band is not dissimilar to the last 4 quarters, the rising chorus of earnings upgrade expectations will sound flat, this quarter at least," reports have stated.

    Citi's views are in contrast to most views, which hint at earnings being better in Q3 for most of the corporates. However, one is likely to see a divergence in earnings with media, FMCG and Pharma continuing to do well, while metals and capital good could disappoint.

    The earning season kicks-off today with the results of IndusInd Bank. All eyes, however, would be on Sensex companies with Infosys set to report results on January 11. The market is expecting to a muted performance from the company and would look to revenue guidance.

    Results of banks also would be carefully analysed given the sharp run up in stocks from the sector.

    GoodReturns.in

    Read more about: citi
    Story first published: Wednesday, January 9, 2013, 12:58 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more