Nordic Q2 Reporting season: 2019 estimates up despite more signs of margin pressure
Q2 was characterised by strong demand trends, but margin pressure kept the proportion of earnings beats in line with the historical average. Positive EPS revisions for 2019 should provide support for equities near-term, but the modest negative revisions to 2018 estimates suggest some downside risk to 2019 estimates later in the year if margin pressure persists.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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