Denny's (DENN) downgraded to Hold from Buy at Maxim with analyst Stephen Anderson saying that he remains "constructive" on the company's continued "brand rejuvenation" and refranchising program, modeling earning growth
accelerating to 31% in 2020 from the projected 9% this year.
We expect 2019 earning growth
to be at similar magnitude in 2018.
Strong Earning Growth
: Fitch expects WHAUP's revenue to rise strongly in 2018 and 2019 due to stronger demand for water from the commissioning of new small-power producers in its service area and a tariff hike during the period.
For the 1HCY18, earning growth
declined by 35% YoY despite 22% YoY volumetric growth, as gross margins fell due to aforesaid factors to 7.0% in 1HCY18 as compared to 10.3% in 1HCY17.
For the 1H2018, earning growth
declined by 35percent YoY despite 22percent YoY volumetric growth, as gross margins fell due to aforesaid factors to 7.0percent in 1H2018 compared to 10.3percent in 1H2017.
For the first half 2018, earning growth
declined by 35 per cent YoY despite 22 per cent YoY volumetric growth, as gross margins fell due to aforesaid factors to 7.0 per cent in first half 2018 compared to 10.3 per cent in first half 2017.
"Dismal productivity growth, dismal earning growth
and dismal economic growth are not just part of the history of the last decade, they appear to be the new normal," he said.
The value of a stock is based on earning growth
Looking ahead, FactSet says analysts are projecting earning growth
of 5.2% for the third quarter and 11.2% for the fourth.
Any jolt will come externally, like an in orderly monetary evacuation from markets in the United States, Europe and so on, although historical returns may not come soon since earning growth
needs to catch up," added Jain.
With this in mind, India Ratings and Research, said, " FY16 passenger earning growth
target is optimistic in the wake of no increase in passenger fare.