Michael Page to report on Wednesday

Michael Page International will release its half-year report for 2014 on Wednesday 13 August. The consensus is for an operating profit of £37.8 million and revenue of £518 million.

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Source: Bloomberg

Michael Page International is trading at £4.49 and the company is down 11% since it reported its full-year figures for 2013 in March. The company revealed better-than-expected results across revenue, earnings per share and profit. The company recently stated that profits were growing at a double-digit rate in the UK and Asia-Pacific, but adverse movements in the foreign markets hit the bottom line.

Michael Page is off 7.5% year-to-date while Hays is down 5.4% over the same period. Last month Hays reiterated its full-year guidance.

Equity analysts are bullish on Michael Page. Out of the 24 ratings 13 are buys, 10 are holds and one is a sell.

The company is finding support at £4.30. If the figures meet expectations and the outlook for the remainder of the year is upheld the stock could target £4.62.

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