Tuesday preview: easyJet and Enterprise Inns

19th Nov 2012 16:30

Full-year results from budget airline easyJet are on the agenda for Tuesday morning, with the group hoping to see its stellar year-to-date share price rise continue.So far in 2012, the stock has increased by 52% to 652p (as of Monday close).The group confirmed last month that its commercial and operation performance this year had continued to be "robust" across the network, with demand since the end of the Olympic Games increasing towards the upper-end of its expectations.Nomura said on Friday that the company is "demonstrating continued progress on the path to higher sustainable returns". With the firm setting a pre-tax profit range of £310-320m just last month, the broker thinks that it will hit the middle of that guidance (£315m)."Given this was just a month ago, we think there will be limited room for surprise," said analyst Andrew Evans.Meanwhile, pubs group Enterprise Inns will be releasing its full-year figures in the morning.Full-year profits at Enterprise Inns are expected by the market to be in the region of £136.3m on sales of £683m. The company announced in August that it had seen a "continuation of improving trade trends".Analyst Simon French of Panmure Gordon said: "Given the improving trading trends and falling bank debt - and the possibility of the reintroduction of dividends over the next 12 months - we think the stock continues to offer significant upside potential."INTERIMS Accumuli , Big Yellow Group, British Land Co, CML Microsystems, Eckoh, Energy Assets Group, Halma, Heath (Samuel) & Sons, Homeserve, Mckay Securities, Renold, Schroder Real Estate Investment Trust Ltd, Telecom Plus, Vectura Group INTERIM DIVIDEND PAYMENT DATE Capital Shopping Centres Group QUARTERLY PAYMENT DATE Caterpillar Inc. INTERNATIONAL ECONOMIC ANNOUNCEMENTS ABC Consumer Confidence (US) (22:00) Building Permits (US) (13:30) Housing Starts (US) (13:30) Producer Price Index (GER) (07:00) Q2 Big Yellow Group, British Land Co, Optos FINALS easyJet, Enterprise Inns, Paragon Group Of Companies ANNUAL REPORT World Careers Network EGMS Experian, Plaza Centers NV AGMS Advance Frontier Markets Fund Ltd, Black Mountain Resources Ltd, Smiths Group FINAL DIVIDEND PAYMENT DATE Henderson EuroTrust, Ricardo BC