BMO analyst’s top picks, earnings preview in the yield-heavy energy infrastructure sector

BMO Capital Markets analyst Ben Pham provided an earnings preview and top picks in the yield-heavy energy infrastructure sector,

“Q2/24 earnings season kicks off on July 29 with GEI . We have made estimate changes to ~55% of our coverage and expect almost an even distribution of beats, in-line, and misses. Following our analysis of public data sources, proprietary models, and detailed discussions with our coverage, we point to notable potential Q2/24 beats from KEY , NPI , and TA , and potential quarterly misses from INE , BEP , and EMA .

“Five of the 11 markets in the composite index were up during the month: Winnipeg , Edmonton , Quebec City , Calgary and Toronto . Conversely, prices fell in Hamilton , Halifax , Ottawa-Gatineau , Vancouver and Montreal , while they remained stable in Victoria … market conditions for the housing market continue to indicate balanced conditions between buyers and sellers … we didn’t see a major wave of new transactions that could have put upward pressure on prices.

“Late last year, we forecasted higher stock prices on fading recession risks and improving TECH+ earnings. While risks still appear skewed to the upside, the backdrop has become more nuanced. ... We highlight several of the key headwinds and tailwinds that have informed our decision to maintain our 5600 and 6000 targets for end of 2024-25. Market Tailwinds: Economy expected to grow above long-term trend, with limited recession risk. Above-average EPS trajectory expected to continue and broaden.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

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