Friday preview: Aggreko, JP Morgan and Wells Fargo report

Investors look to an encouraging update from Aggreko on Friday as it releases its interim management statement.

Investors look to an encouraging update from Aggreko on Friday as it releases its interim management statement.

The temporary power and temperature control firm has been bolstered by contract wins and strong performance of its North American division in recent months.

Last month, the group announced it secured contracts to supply 122 megawatts (MW) of gas-fuelled power to utilities in Mozambique and Namibia from the largest cross-border interim power plant in the world.

It signed tri-party power purchase agreements with Electricidade de Moambique and NamPower to provide them with power from its plant located in Gigawatt Park at Ressano Garcia, Mozambique.

"A 122MW contract win to the Southern African power pool is testament to the success of the existing contracts in place," analysts at Jefferies International said at the time.

JP Morgan Chase will also hog headlines on Friday with its first quarter earnings announcement.

The consensus analyst estimate has gone from $1.35 per share to the current projection of earnings of $1.38 per share, Zacks analysts said.

The estimate is up 5.3% from a year ago, when JP Morgan reported earnings of $1.31 per share.

Revenue is forecast to decrease 12.8% year-over-year to $25.94bn for the quarter.

JP Morgan will share the lime light with Wells Fargo, which also unveils its first quarter results.

Zacks predicts earnings of $0.87 a share, up from $0.75 a year earlier. Revenue is expected to fall 6.1% year-over-year to $21.6bn for the quarter.

The company has seen profits increase in each of the past three quarters.

Friday April 12th

INTERIM DIVIDEND PAYMENT DATE

AdEPT Telecom, Ashmore Group, Asian Citrus Holding, Centaur Media, Craneware, Dunelm Group, Foresight Solar VCT, Go-Ahead Group, London Finance & Investment Group

QUARTERLY PAYMENT DATE

Africa Opportunity Fund Ltd., British Assets Trust, Schlumberger Ltd.

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Business Inventories (US) (15:15)

Industrial Production (EU) (10:00)

Manufacturing Inventories (US) (15:00)

Retail Sales (US) (15:15)

Retail Sales Inventories (US) (15:15)

GMS

Berkeley Resources Ltd. (DI)

ANNUAL REPORT

Henderson High Income Trust

IMSS

Aggreko, XP Power Ltd. (DI)

SPECIAL DIVIDEND PAYMENT DATE

Asian Citrus Holding

AGMS

AFC Energy, Heavitree Brewery, Heavitree Brewery 'A' Shares

FINAL DIVIDEND PAYMENT DATE

Athelney Trust, Domino's Pizza Group, Foresight 2 VCT, Foresight 2 VCT 'C' Shares, Numis Corporation, Safestore Holdings

FINAL EX-DIVIDEND DATE

First Quantum Minerals Ltd.

RD

Recommended

The top funds to invest in now
Funds

The top funds to invest in now

As market volatility continues, here are the top funds, stocks and investment trusts investors are putting their money into, according to one investme…
2 Dec 2022
7 sin stocks to buy yielding up to 8%!
Share tips

7 sin stocks to buy yielding up to 8%!

Sin stocks don’t have the best reputation, but when it comes to investment returns, they’re certainly worth a closer look.
2 Dec 2022
Share tips of the week – 2 December
Share tips

Share tips of the week – 2 December

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
2 Dec 2022
3 emerging-market stocks to watch
Share tips

3 emerging-market stocks to watch

The top emerging-market stocks to keep an eye on, according to Union Bancaire Privée’s Eli Koen.
1 Dec 2022

Most Popular

Is it cheaper to leave the heating on low all day?
Personal finance

Is it cheaper to leave the heating on low all day?

The weather is getting colder and energy bills are rising, but is it really cheaper to leave the heating on low all day or should you only turn it on …
1 Dec 2022
Radiator vs electric heater – which is cheaper?
Personal finance

Radiator vs electric heater – which is cheaper?

We compare the costs, pros and cons of radiators and electric heaters and see which one will help keep your energy bill as low as possible.
28 Nov 2022
The pros and cons of smart meters – should you switch?
Personal finance

The pros and cons of smart meters – should you switch?

A smart meter can help you keep tabs on your energy usage, but is it better than a regular meter? We take a look at smart meters vs regular meters.
2 Dec 2022