Nestle : Underlying EPS growth +14.6% vs consensus of +7.6% thanks to buybacks. Organic growth of 3.6% and +100bp improvement in operating margin in line
>Positive reaction expected - We expect the share price to react positively to the H1 results publication despite the very strong performance over the past year and YTD. Underlying EPS growth of 14.6% vs the consensus estimate of +7.6% and Oddo BHF estimate: +10% demonstrated that in addition to operating leverage, Nestlé is benefiting from a strong trickle-down effect thanks notably to buybacks. This is likely to prompt a consensus upgrade and thus support the stock....Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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