De foerste regnskaber fra USA

[tommycarstensen]

General Mills, FactSet, Lennar, McCormick, Constellation Brands og et par andre er kommet med regnskab. Nedenfor et par kommentarer og figurer. Klik paa figurerne for at goere dem stoerre.

General Mills er steget 12% i aar. Jeg syntes ikke, at den var specielt attraktiv ved aarets begyndelse, og jeg synes stadig ikke, at den er specielt attraktiv at koebe. Jeg ejer den selv og har ingen salgs-planer ved det nuvaerende kurs-leje. De har stille og roligt faaet nedbragt gaelden efter koebet af Blue Buffalo i 2018, der blev kritiseret saa voldsomt dengang.

Lennar er faldet 36% i aar sammen med alle de andre byggefirmaer. Min favorit i branchen er NVR, der ogsaa er faldet cirka 30% i aar. Den koster maalt paa P/E cirka det dobbelte af alle de andre. NVR er min yndling blandt andet fordi de har bedre gaelds-broeker end konkurrenterne. Jeg ejer NVR og har ingen planer om at saelge.

FactSet er faldet 19% i aar, men den havde ogsaa sneget sig op i et hoejt niveau. Jeg ejer den selv og paataenker ikke at saelge. FactSet har koebt CUSIP af S&P Global i marts, saa omsaetningen er steget kraftigt. Den organiske vaekst er "kun" 10%. De har ifm opkoebet paataget sig gaeld, men det er paa ingen maader alarmerende.

Lige om lidt gaar det loes med kvartalsregnskaber igen. Man kan foelge med her paa PI:
https://proinvestor.com/finanskalender

Jeg har ogsaa lavet en oversigt til mig selv her, der inkluderer europaeiske virksomheder:
https://www.midgardfinance.com/misc/calendar.htm

Min favorit til US-aktier er stadig finviz.com:
https://finviz.com/map.ashx?t=sec&st=earndate
https://finviz.com/screener.ashx?v=111&f=earningsdate_nextweek&ft=4&o=-marketcap

God weekend. Vive le Tour.

General Mills Reports Fourth-Quarter and Full-Year Results for Fiscal 2022 and Provides Fiscal 2023 Outlook
https://investors.generalmills.com/press-releases/press-release-details/2022/General-Mills-Reports-Fourth-Quarter-and-Full-Year-Results-for-Fiscal-2022-and-Provides-Fiscal-2023-Outlook/default.aspx
Net sales increased 8 percent to $4.9 billion; organic net sales increased 13 percent.
Operating profit increased 85 percent to $1.0 billion; constant-currency adjusted operating profit increased 21 percent.

FACTSET REPORTS RESULTS FOR THIRD QUARTER 2022
https://investor.factset.com/news-releases/news-release-details/factset-reports-results-third-quarter-2022
Q3 GAAP revenues of $488.8 million, up 22.3% from Q3 2021
Organic Q3 ASV plus professional services of $1.8 billion, up 10.1% year over year
GAAP operating margin of 19.9% and adjusted operating margin of 36.6%
GAAP diluted EPS of $1.93, down 26.3% from the prior year, and adjusted diluted EPS of $3.76, a 38.2% increase from the prior year
FactSet reaffirms fiscal 2022 guidance, with growth expected at the upper end and the effective tax rate expected at the lower end of the previously communicated ranges

Lennar Reports Fourth Quarter and Fiscal 2021 Results
https://investor.factset.com/news-releases/news-release-details/factset-reports-results-third-quarter-2022
Net earnings per diluted share increased 39% to $3.91 (increased 55% to $4.36, excluding mark to market losses on strategic technology investments)
Net earnings increased 35% to $1.2 billion (increased 50% to $1.3 billion, excluding mark to market losses on strategic technology investments)
Revenues increased 24% to $8.4 billion
Deliveries increased 11% to 17,819 homes
New orders increased 2% to 15,539 homes; new orders dollar value increased 16% to $7.3 billion
Backlog increased 26% to 23,771 homes; backlog dollar value increased 45% to $11.4 billion

McCORMICK REPORTS SECOND QUARTER PERFORMANCE AND UPDATES 2022 OUTLOOK
https://ir.mccormick.com/news-releases/news-release-details/mccormick-reports-second-quarter-performance-and-updates-2022
Sales declined 1% in the second quarter from the year-ago period and, in constant currency, sales were comparable to the year-ago period. Both comparisons reflect strong underlying sales growth offset by the impact of discrete items, including the impact of COVID-related lockdowns in China and the conflict in Ukraine.
Operating income was $157 million in the second quarter compared to $237 million in the year-ago period. Adjusted operating income was $174 million compared to $258 million in the second quarter of 2021.
Earnings per share was $0.44 in the second quarter as compared to $0.68 in the year-ago period. Adjusted earnings per share was $0.48 as compared to $0.69 in the year-ago period.
For fiscal year 2022, McCormick updated its sales, operating income, and earnings per share outlook.

CONSTELLATION BRANDS REPORTS FIRST QUARTER FISCAL 2023 FINANCIAL RESULTS
https://www.cbrands.com/news/articles/constellation-brands-reports-first-quarter-fiscal-2023-financial-results

[Match]

Tak Tommy. Udsigterne for 2023 virker lidt mere optimistiske end de amerikanske analytikeres generelle forventninger.

[NordicStock]

Tak Tommy fordi du deler al dit hårde arbejde. Det er imponerende og værdsat.

Tak!

[tommycarstensen]

Match Ja, jeg har også selv et lidt mere negativt syn på tingene end konsensus. Det er værd at bemærke, at NVR og andre husbyggeri-virksomheder fik halveret omsætningen ifm finanskrisen; se vedhæftede. Jeg tror sagtens noget lignende kan ske igen. Hvis NVR bliver yderligere halveret i kurs, så supplerer jeg meget gerne.

[tommycarstensen]

NordicStock Selv tak for dit store arbejde, som du har delt med alle os på forum. Lige præcis de ovenstående figurer er alle automatisk dannede, så det har ikke været det store arbejde.

Jeg håber det går godt for dig med alt det andet, der ikke har med investering at gøre.