What the analysts say

What the analysts say

The verdict from global analysts on major company news

Nestle's 2015 results and 2016 outlook - what the analysts say 18 Feb 2016

Nestle's shares fell today (18 February) after the world's largest food maker missed analyst expectations on sales and trading operating profit - and disappointed with its guidance for this year. Here's a flavour of how analysts have viewed the KitKat-to-Maggi owner's numbers.

What the analysts say: Danone lifted by sales beat, concerns linger 15 Apr 2015

Shares in Danone edged up in Paris today, reflecting a cautiously optimistic response from the market and the hope the French group could finally have come to grips with some of the challenges that weighed in 2014. However, the verdict on Danone's fresh dairy business was mixed and concern over the struggling unit lingers.

What the analysts say: Nestle's solid finish to 2014 19 Feb 2015

Nestle revealed today (19 February) that full-year earnings rose on one-time gains and improved margins. Net sales were down due to the impact of currency exchange but the company booked organic sales growth of 4.5%. The sales performance met consensus expectations but came in below the "Nestle Model" that targets organic growth of 5-6% in the medium term. Shares in the Swiss food giant remained relatively flat this morning, reflecting the market's lukewarm response to Nestle's outlook - with sales expected to grow by "around 5%" in 2015 - and concerns over currency exchange.

What the analysts say: Unilever's mixed 2014 20 Jan 2015

Unilever today (20 January) reported sales that came in below expectations. The company's top line has been hit by macroeconomic factors, particularly in emerging markets, as well as ongoing category decline in margarine. However, a focus on productivity enabled the group to accelerate margin expansion during a period of higher input costs for raw materials such as dairy and chocolate. The City's response has been as mixed as Unilever's performance.

What the analysts say: City reacts to Tesco's profit error 22 Sep 2014

Tesco seems to be lurching from one bad news story to another. The UK retailer today (22 September) admitted it had over-stated half-year profits by GBP250m. The timing of the accounting of payments between Tesco and suppliers is said to be a central factor. Four executives have been asked to go on leave while the retailer investigates. Tesco's shares, unsurprisingly, tumbled this morning.

What the analysts say: Nestle H1 cheers market 7 Aug 2014

Shares in Nestle closed up today (7 August) after the world's largest food maker reported underlying sales that beat analyst expectations. Nestle's stock would have been helped by news of a share buyback but analysts were broadly positive about the company's performance.

What the analysts say - City sees signs of hope in Unilever's spreads 24 Apr 2014

Unilever today (24 April) reported first-quarter underlying sales ahead of the market's expectations. Shares in the consumer goods giant closed down, perhaps amid concerns foreign exchange would have on the company's top line. However, drilling down into the results, the City found reasons to be positive about Unilever's ice cream - and recently maligned - spreads businesses.

What the analysts say: Has Tesco hit rock bottom? 16 Apr 2014

Tesco reported a disappointing set of full-year numbers with both sales and profits falling this morning (14 April). The UK retail behemoth has faced declining consumer spending and a battle to make its big-box stores relevant. But has the company hit the bottom of its downward curve and will the group's 2014 performance improve? Here is what the City had to say about Tesco's performance.

What the analysts say: The verdict on Morrisons' strategic overhaul 13 Mar 2014

Morrisons reported a full-year loss of GBP176m (US$293.6m) and further deterioration of like-for-like sales today (13 March). Management this morning set out a new strategic course for the group, which includes a GBP1bn price investment over the next three years. While next year's profits are expected to drop, the company believes the investment can be funded through a cost-saving drive in the medium-term. However, with concern over margins and competitive pressures, opinion remains divided over the prospects for the beleaguered grocer.

What the analysts say: 2013 pleases market but Carrefour faces work in 2014 5 Mar 2014

Carrefour's 2013 results came in above market expectations, with analysts praising the French retail giant's work in recent years, particularly in its domestic market. Signs of an improvement in Spain were also welcomed. However, there is concern Carrefour's management, part-way through a turnaround of the business, has some tough tasks ahead.

What the analysts say - Ahold faces challenges 28 Feb 2014

Ahold's shares rose yesterday after the retail giant's fourth-quarter margins beat market forecasts. However, some analysts believe the Dutch grocer faces challenges at home and in its biggest overseas market, the US.

What the analysts say: Danone's 2014 outlook provides some cheer 20 Feb 2014

Danone booked a drop in 2013 earnings today (20 February) as margins were dented by higher input costs in fresh dairy. However, the group said it is taking action to stabilise margins - prompting analysts to largely conclude that the worst could be over for the French dairy giant.

What the analysts say: Nestle's 2013 performance 13 Feb 2014

Nestle booked a mixed set of full-year numbers today (13 February). The world's largest food group saw a drop in operating profit due to the cost of disposals and issued a cautious outlook for 2014. However, trading operating profit was up on improved margins and the company was able to shrug off some of the weakness it saw in the first half of the year. Analyst reactions have been equally mixed.

What the analysts say: Morrisons stuns City with tumbling sales 9 Jan 2014

Morrisons' unscheduled Christmas trading update surprised the City this morning in more ways than one. Like-for-like sales fell almost 6%, under-performing its rivals by some distance. The decline was evidence the impact the growth of discounters Aldi and Lidl is having the UK's fourth-largest grocer.

What the analysts say: Tesco again faces questions in City 9 Jan 2014

Tesco this morning (9 January) revealed a disappointing drop in like-for-like sales over Christmas and New Year. The retailer attributed the decline in sales to "further weakness in the UK grocery market" and having a "tougher comparative" versus last year. The results had a negative impact on share recommendations, although some analysts highlighted areas for optimism, including Tesco's work online.

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