RAPPORTERINGSSESONG: På nordisk nivå har rapporteringssesongen for første kvartal har vært litt bedre enn gjennomsnittet så langt. Denne uken skal en rekke tungvektere i ilden.

49 nordiske «large caps» (store børsnoterte selskaper) har nå rapportert tall for første kvartal. 84 prosent av disse selskapene er svenske og finske, mens flere av de store norske rapporterer denne uken.

Så langt i rapporteringssesongen er det flere selskaper som har slått forventningene enn de som har gjort det dårligere. Prosentandelen av de som har gjort det bedre, minus de som har gjort det dårligere enn ventet, er også bedre enn det historiske snittet.

De foregående kvartalene har vi sett store utslag i selskapenes aksjekurs på rapporteringsdagen, både positive og negative. Dette bildet ser ut til å være noe endret. Hittil har rapporteringen for første kvartal gitt betydelig mindre utslag i aksjekursen på rapporteringsdagen, enn hva som har vært normalt de siste årene.

Endringer i inntjeningsestimatene gir, etter vår mening, en enda viktigere pekepinn på retningen i markedet. I Sverige har EPS-estimatene (fortjeneste per aksje) kommet opp både for 2019 og 2020. I de øvrige nordiske landene er estimatene noe ned.

Denne artikkelen er skrevet av Marius Brun Haugen, basert på rapporten til aksjestrateg Paul Harper (i bildet). Begge jobber i DNB Markets.

ABB, Cargotec og Tele2 er aksjene med de største positive estimatendringene på EPS-nivå for 2020, mens Neste, Ericsson og Nokia utmerker seg i motsatt ende av skalaen.

For olje-eksponerte Oslo Børs er det positivt at oljeprisestimatene er på vei opp igjen, men dette blir delvis motvirket av en svak utvikling i gassprisene så langt i år.

Leser du på mobil eller vil se rapporteringsdatoene for hele Norden (inkludert selskapene som allerede har rapportert)? Klikk her!

Rapporteringsdatoer Oslo Børs (OSEAX) Q1 2019 (Kilde Bloomberg og DNB Markets)

Navn Rapporteringsdag Industri Utbyttefrekvens
Aker Solutions ASA 30/04/2019 Oil&Gas Services Irreg
ABG Sundal Collier Holding ASA 30/04/2019 Investment Companies Annual
Asetek A/S 30/04/2019 Computers Irreg
Atea ASA 30/04/2019 Internet Semi-Anl
Biotec Pharmacon ASA 30/04/2019 Pharmaceuticals None
Elkem ASA 30/04/2019 Mining Irreg
Kitron ASA 30/04/2019 Electrical Compo&Equip Annual
Norsk Hydro ASA 30/04/2019 Mining Annual
Polarcus Ltd 30/04/2019 Oil&Gas Services None
Telenor ASA 30/04/2019 Telecommunications Semi-Anl
Voss Veksel og Landmandsbank 30/04/2019 Banks Annual
Akastor ASA 02/05/2019 Oil&Gas Services Irreg
Subsea 7 SA 02/05/2019 Oil&Gas Services Annual
Borregaard ASA 03/05/2019 Chemicals Annual
DNB ASA 03/05/2019 Banks Annual
Endur ASA 03/05/2019 Shipbuilding None
Equinor ASA 03/05/2019 Oil&Gas Quarter
Norwegian Finans Holding ASA 03/05/2019 Banks None
Norwegian Property ASA 03/05/2019 Real Estate Quarter
Pareto Bank ASA 03/05/2019 Banks Annual
Bakkafrost P/F 06/05/2019 Food Annual
Kvaerner ASA 07/05/2019 Engineering&Construction Irreg
Mowi ASA 07/05/2019 Food Quarter
Napatech A/S 07/05/2019 Telecommunications None
Ocean Yield ASA 07/05/2019 Transportation Quarter
Orkla ASA 07/05/2019 Food Annual
Polaris Media ASA 07/05/2019 Internet Annual
Q-Free ASA 07/05/2019 Electronics None
Tomra Systems ASA 07/05/2019 Environmental Control Annual
Wallenius Wilhelmsen ASA 07/05/2019 Transportation Irreg
Awilco Drilling PLC 08/05/2019 Oil&Gas Quarter
Bergenbio ASA 08/05/2019 Pharmaceuticals None
Dolphin Drilling ASA 08/05/2019 Oil&Gas Services Irreg
DNO ASA 08/05/2019 Oil&Gas Irreg
Evry AS 08/05/2019 Computers Irreg
Gaming Innovation Group Inc 08/05/2019 Internet None
Hexagon Composites ASA 08/05/2019 Metal Fabricate/Hardware Annual
NEL ASA 08/05/2019 Energy-Alternate Sources None
Odfjell SE 08/05/2019 Transportation Annual
Odfjell SE 08/05/2019 Transportation Annual
PCI Biotech Holding ASA 08/05/2019 Pharmaceuticals None
Self Storage Group ASA 08/05/2019 Storage/Warehousing None
Storebrand ASA 08/05/2019 Insurance Annual
Wilson ASA 08/05/2019 Transportation Semi-Anl
Wilh Wilhelmsen Holding ASA 08/05/2019 Commercial Services Semi-Anl
Wilh Wilhelmsen Holding ASA 08/05/2019 Commercial Services Semi-Anl
Zalaris ASA 08/05/2019 Commercial Services Annual
Archer Ltd 09/05/2019 Oil&Gas Services None
Crayon Group Holding ASA 09/05/2019 Software None
Electromagnetic Geoservices AS 09/05/2019 Oil&Gas Services None
IDEX ASA 09/05/2019 Electronics None
Komplett Bank ASA 09/05/2019 Banks None
NTS ASA 09/05/2019 Food Annual
Prosafe SE 09/05/2019 Oil&Gas Services Irreg
REC Silicon ASA 09/05/2019 Semiconductors None
SpareBank 1 SR-Bank ASA 09/05/2019 Banks Annual
TGS NOPEC Geophysical Co ASA 09/05/2019 Oil&Gas Services Quarter
Targovax AS 09/05/2019 Biotechnology None
TTS Group ASA 09/05/2019 Machinery-Diversified Annual
Veidekke ASA 09/05/2019 Engineering&Construction Annual
Aker ASA 10/05/2019 Investment Companies Annual
AKVA Group ASA 10/05/2019 Miscellaneous Manufactur Semi-Anl
Arcus ASA 10/05/2019 Beverages Annual
Borgestad ASA 10/05/2019 Real Estate Annual
Goodtech ASA 10/05/2019 Environmental Control Annual
Hiddn Solutions ASA 10/05/2019 Software Annual
Incus Investor ASA 10/05/2019 Oil&Gas Services Annual
Kongsberg Gruppen ASA 10/05/2019 Aerospace/Defense Annual
Otello Corp ASA 10/05/2019 Software Annual
poLight ASA 10/05/2019 Miscellaneous Manufactur None
Questerre Energy Corp 10/05/2019 Oil&Gas None
Spectrum ASA 10/05/2019 Oil&Gas Services Irreg
Techstep ASA 10/05/2019 Software None
Salmar ASA 13/05/2019 Food Annual
Siem Offshore Inc 13/05/2019 Oil&Gas Services Irreg
Arendals Fossekompani A/S 14/05/2019 Electric Annual
Austevoll Seafood ASA 14/05/2019 Food Annual
Eidesvik Offshore ASA 14/05/2019 Oil&Gas Services Irreg
Leroy Seafood Group ASA 14/05/2019 Food Annual
NRC Group ASA 14/05/2019 Engineering&Construction Irreg
PhotoCure ASA 14/05/2019 Pharmaceuticals None
GC Rieber Shipping ASA 14/05/2019 Commercial Services Annual
Salmones Camanchaca SA 14/05/2019 Food Irreg
AF Gruppen ASA 15/05/2019 Engineering&Construction Semi-Anl
Apptix ASA 15/05/2019 Software None
Avance Gas Holding Ltd 15/05/2019 Transportation Irreg
Bonheur ASA 15/05/2019 Energy-Alternate Sources Annual
Bouvet ASA 15/05/2019 Computers Annual
Cxense ASA 15/05/2019 Software None
Fjord1 ASA 15/05/2019 Transportation Annual
Fjordkraft Holding ASA 15/05/2019 Electric Irreg
Grieg Seafood ASA 15/05/2019 Food Irreg
Infront ASA 15/05/2019 Commercial Services Annual
Insr Insurance Group ASA 15/05/2019 Insurance None
Kid ASA 15/05/2019 Retail Semi-Anl
Kongsberg Automotive ASA 15/05/2019 Auto Parts&Equipment Irreg
Navamedic ASA 15/05/2019 Pharmaceuticals Irreg
Selvaag Bolig ASA 15/05/2019 Real Estate Annual
Schibsted ASA 15/05/2019 Media Annual
Schibsted ASA 15/05/2019 Media Annual
SD Standard Drilling PLC 15/05/2019 Oil&Gas Irreg
Shelf Drilling Ltd 15/05/2019 Oil&Gas #N/A N/A
Solon Eiendom ASA 15/05/2019 Real Estate Annual
Storm Real Estate ASA 15/05/2019 Real Estate Annual
Sbanken ASA 16/05/2019 Banks Annual
BW LPG Ltd 21/05/2019 Transportation Semi-Anl
Magnora ASA 21/05/2019 Oil&Gas Services Irreg
Next Biometrics Group AS 21/05/2019 Electronics None
Norway Royal Salmon ASA 21/05/2019 Food Annual
Borr Drilling Ltd 22/05/2019 Oil&Gas None
Norwegian Energy Co ASA 22/05/2019 Oil&Gas None
Olav Thon Eiendomsselskap ASA 22/05/2019 Real Estate Annual
Star Bulk Carriers Corp 22/05/2019 Transportation None
Webstep AS 22/05/2019 Computers Annual
American Shipping Co ASA 23/05/2019 Transportation Quarter
Belships ASA 23/05/2019 Transportation Irreg
BW Offshore Ltd 23/05/2019 Transportation Irreg
DOF ASA 23/05/2019 Transportation Irreg
Funcom NV 23/05/2019 Software None
Multiconsult ASA 23/05/2019 Environmental Control Annual
Nordic Nanovector ASA 23/05/2019 Healthcare-Products None
Odfjell Drilling Ltd 23/05/2019 Oil&Gas Irreg
Panoro Energy ASA 23/05/2019 Oil&Gas None
Seadrill Ltd 23/05/2019 Oil&Gas None
Scottish Salmon Co Plc/The 23/05/2019 Food Irreg
B2Holding ASA 24/05/2019 Diversified Finan Serv Annual
Byggma ASA 28/05/2019 Building Materials Annual
Havyard Group ASA 28/05/2019 Shipbuilding Irreg
Magseis Fairfield ASA 28/05/2019 Commercial Services None
Reach Subsea ASA 28/05/2019 Investment Companies Irreg
SAS AB 28/05/2019 Airlines None
Solstad Offshore ASA 28/05/2019 Transportation Irreg
Thin Film Electronics ASA 28/05/2019 Computers None
Havila Shipping ASA 29/05/2019 Transportation Irreg
Hoegh LNG Holdings Ltd 29/05/2019 Transportation Quarter
Seabird Exploration PLC 29/05/2019 Oil&Gas Services None
Atlantic Petroleum P/F 31/05/2019 Oil&Gas #N/A N/A
Element ASA 31/05/2019 Mining None
FLEX LNG Ltd 31/05/2019 Transportation None
Frontline Ltd/Bermuda 31/05/2019 Transportation Quarter
Golden Ocean Group Ltd 31/05/2019 Transportation Quarter
InterOil Exploration and Produ 31/05/2019 Oil&Gas None
Jinhui Shipping & Transportati 31/05/2019 Transportation Semi-Anl
MPC Container Ships AS 31/05/2019 Transportation None
Northern Drilling Ltd 31/05/2019 Oil&Gas #N/A N/A
Avocet Mining PLC 03/07/2019 Mining Irreg
Stolt-Nielsen Ltd 03/07/2019 Transportation Semi-Anl
Treasure ASA 14/08/2019 Diversified Finan Serv Annual
Gyldendal ASA 29/08/2019 Media Annual
Petrolia SE 30/08/2019 Oil&Gas None
EMAS Offshore Ltd n/a Oil&Gas Services Irreg

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