Industrials lift STOXX 600 as earnings season gathers steam By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 18 2024
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Source: Investing.com
- European Shares Performance: European shares edged up, driven by positive results from ABB in the industrials sector, while Sartorius experienced a significant drop due to disappointing quarterly orders.
- Earnings Season Outlook: First-quarter earnings are expected to decrease by 12.1% compared to the previous year, potentially reflecting a weakening economy and leading to speculations about interest rate cuts by the European Central Bank.
- Market Uncertainties: Traders are cautious due to uncertainties around geopolitical tensions, high European interest rates impacting corporate performances, and the timing of U.S. rate cuts.
- Corporate Updates: Planisware had a successful debut on Euronext Paris, Danone reported stronger-than-expected sales, Nokia's profit figures missed estimates, and Forvia exceeded market expectations for organic sales growth.
- Industry Specifics: easyJet forecasted a smaller winter loss, German building permits for apartments fell by 18.3% in February, indicating a downturn in demand in the construction and real estate sector.
Analyst Views on SATG
Wall Street analysts forecast SATG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SATG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 21.855
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Current: 21.855
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
