Expected Earnings Reports This Week (April 18-21, 2017)

  • Earnings reports of quoted companies with December year-end for the first quarter ended March 31, 2017 are statutorily expected to be released within 30 days after (April 30, 2017), in line with the post-listing rules of the Nigerian Stock Exchange (NSE).
    This numbers are expected to hit the market within this month of April of every year. This makes the earnings reporting for this period season special, due to the high number of companies that provide this report at this time to guide investors in this new financial year (2017).
    This period is very important to market players and analysts as they forecast the remaining quarters of the year and at the same time match actual with estimates to upgrade or downgrade their position.
    With many companies in the financial services, consumer goods, industrial goods, oil and gas sectors are expected to release their scorecards to the market at this time.
    On this note, it is expected that short-term traders that understand and know how to play the earnings season would be in stocks expected to beat market expectations by posting good numbers.
    When such expectations are not met when the results finally hit the market, you must exit quickly to cut losses.
    Due to irregular date of release by many companies as revealed by our research, some of the companies may release a day before or after the dates noted on the table below.
    Let the table give you’re an insight as to when these companies are expected to hit the market with their earnings report.