What to Expect From The Brink's Q3 Results
Analysts at Berenberg Bank provided their outlook on The Brink's Company (NYSE:BCO) ahead of Q3 results, lowering their price target on the company’s shares to $95 from $100.
The company will report Q3 earnings next week. The analysts don’t expect significantly different numbers compared to the company’s recently reduced 2021 guidance. Therefore, the analysts anticipate the focus to be on the outlook for 2022 and how the company is planning to offset cost inflation. According to Berenberg Bank, key to this will be whether the company is able to pass on inflation in two of its largest costs (wages and fuel) through price increases.
Following the cut to 2021 guidance, any cuts to 2022 expectations would likely be poorly received, as it would suggest the company either cannot pass on cost inflation or that the headwinds to the industry from COVID-19 are more persistent than originally expected.
| Symbol | Price | %chg |
|---|---|---|
| 9735.T | 5543 | 1.7 |
| 012750.KS | 64000 | -2.34 |
| 2331.T | 1162 | 1.33 |
| ASSA-B.ST | 299.8 | 0 |
What to Expect From The Brink's Q3 Results
Analysts at Berenberg Bank provided their outlook on The Brink's Company (NYSE:BCO) ahead of Q3 results, lowering their price target on the company’s shares to $95 from $100.
The company will report Q3 earnings next week. The analysts don’t expect significantly different numbers compared to the company’s recently reduced 2021 guidance. Therefore, the analysts anticipate the focus to be on the outlook for 2022 and how the company is planning to offset cost inflation. According to Berenberg Bank, key to this will be whether the company is able to pass on inflation in two of its largest costs (wages and fuel) through price increases.
Following the cut to 2021 guidance, any cuts to 2022 expectations would likely be poorly received, as it would suggest the company either cannot pass on cost inflation or that the headwinds to the industry from COVID-19 are more persistent than originally expected.
