Housebuilders have a long way to go before reclaiming the heady Help-to-Buy heights of the pre-Covid era, but the cards are beginning to look more promising if Bellway PLC (LSE:BWY)’s latest results are anything to go by.
Bellway this Friday (slightly) exceeded its completion targets, but the real story is in what happens next.
Analysts at Wedbush have reiterated their ‘Outperform’ rating on Take-Two Interactive Software Inc (NASDAQ:TTWO) after the video game maker’s first quarter earnings were largely in line with estimates and there was no change to the timing or optimism around the highly anticipated release of Grand Theft Auto 6 (GTA 6).
With the release of its fiscal first quarter 2025 earnings after the bell on Thursday, Take-Two reiterated its fiscal 2025 guidance of net bookings in the range of $5.55 billion to $5.65 billion and earnings per share (EPS) of $2.35 to $2.60 and the release window for GTA 6 in Fall 2025.
KBW analysts remain optimistic about Barclays PLC (LSE:BARC) following “a strong set” of second-quarter results published last week.
"We continue to like Barclays which remains materially undervalued against peers,” said KBW, although noting Barclays’ higher cost of equity given its investment banking focus.
Asda's recent trading “is clearly far from where it would wish it to be” and “the performance is, frankly, poor”.
That is broker Shore Capital Markets’ blunt takeaway of the private equity-owned supermarket chain, which saw notable grocery volume loss whilst ceding market share in the second quarter.
Three years on from what was widely panned as the worst IPO in London’s history and Deliveroo PLC (LSE:ROO)'s investment case is starting to materialise, according to analysts at City broker Panmure Liberum.
Panmure highlighted Deliveroo's strong first-half performance, which saw the food-delivery company log its first-ever interim profit and an EBITDA beat that outpaced consensus expectations by 12%.
Rolls-Royce Holdings PLC (LSE:RR.) could be lining up to deliver “a lot more” after working capital outflows appear to have been brought under control, analysts say.
Highlighting a boost to free cash flow on better working capital in the engine makers' interim results, Liberum noted this was “the big lever that had been missing from previous guidance”.
News of investment platform Hargreaves Lansdown PLC (LSE:HL.) formally accepting a £5.4 billion private equity takeover offer has overshadowed what turned out to be better-than-expected full-year financial results.
Adjusted earnings per share of 71p and underlying profit before tax of £456 million beat the forecasts laid down by City brokers including Shore Capital markets and Jefferies.