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.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

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