easyJet to report on Tuesday

The low cost airline will announce its first-half results on Tuesday. The consensus is for revenue of £1.68 billion and a net loss of £34 million.

In January the airline stated it expects its first-half losses to fall between £70-£90 million. That has since been revised to £50- £75 million, whilst market analysts are expecting a loss of £34 million. The Easter holidays would have provided a boost to the company because its short-haul flights to Europe is its bread and butter.

The company’s founder, Sir Stelios Haji-Ioannou has been voicing his opinion against the expansion of the airline for a number of years. In protest he has been reducing his own, and his family’s shareholding in the company. Mr Haji-Ioannou and his siblings now own a combined 37% in the company. The share price is trading at 1682, up over 7% year-to-date, and recently hitting an all-time high.

The stock has bounced off the 1600 mark a few times this year. If its results are strong we could target 1800. Although, if they are now in line with estimates we could see some profit-taking.

easyJet chart

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen. 79% van de retailbeleggers lijdt verlies op de handel in CFD’s met deze aanbieder.
Het is belangrijk dat u goed begrijpt hoe CFD's werken en dat u nagaat of u zich het hoge risico op verlies kunt permitteren.
CFD’s zijn complexe instrumenten en brengen vanwege het hefboomeffect een hoog risico mee van snel oplopende verliezen.