Deliveroo

Expectations for the takeaways platform turn to profitable growth, not at any price

Investors have had their fill of growth at any price talk, now it’s time for food delivery platform Deliveroo (ROO) show that this is not halfbaked optimism. Core profit margin is expected to be higher than previous guidance, something to lift the spirits, yet there is a long way to go before the company is making anything like the big profits which have long been promised. Details will come alongside full year results on 16 March, but with the stock down 75% since summer 2021, the jury remains out. [SF]

With the shares nearly 25% below their early January level of 230p, investors will be hoping the worst is priced in when the company reports its full-year results on 13 March. January’s warning was precipitated by a ‘perfect storm’ of higher weather-related property claims, more frequent and more costly motor-related claims and a sharp drop in the value of the firm’s property investment portfolio in the final quarter of 2022 after the disastrous ‘mini-Budget’. [IC]

FedEx

The deliveries and logistics firm is a good bellwether for the wider economy

Often seen as a good indicator of the health of the wider economy thanks to the breadth of its exposure across areas like transportation, logistics

Adobe

and e-commerce, delivery firm FedEx (FDX:NYSE) will be watched closely when it reports on 16 March.

The last two quarterly updates were Jekyll and Hyde with the company warning on profit and removing guidance in September before announcing better-than-expected second quarter numbers in December and restoring annual earnings guidance.

FedEx has steered for earnings per share between $13 to $14 for the 12 months to 31 May 2023. Based on the $6.40 reported in the first half this means earnings will have to accelerate in the second half to hit even the lower end of that total. [TS]

Us Updates Over The Next 7 Days

QUARTERLY RESULTS

Guidance and Figma news will drive the shares

It could be a tough day on 16 March for creative software giant Adobe Systems (ADBE:NASDAQ) as investors nervously eye first-quarter 2023 earnings, but it won’t be the reported figures moving the share price. Guidance for the rest of the year will power the market’s mood, that and any update on proposed acquisition Figma. The stock has been depressed for several weeks as doubts creep in that the US Department of Justice could block Adobe’s £20 billion purchase of the start-up. [SF]

10 March:

AIA, DocuSign

13 March:

Getty Images

16 March:

Adobe, Dollar General, FedEx

European Updates Over The Next 7 Days Quarterly Results

14 March:

Volkswagen

15 March:

BMW, EON, Inditex