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Global Equity Ratings

Pharma Stocks with Good Prospects


Rating Changes: Adobe, NextEra Energy, Regeneron Pharma, Nutrien, Walmart

Earnings estimates for the US equity market are positive for 2023. Although earnings are still expected to decline in 1Q and 2Q: 1Q 23e: -6% (y/y), 2 Q23e: -3% (y/y), there is an increase in earnings for the full year, according to the consensus forecast. Accordingly, the median expected 2023 profit growth is +9% (y/y).

The reporting season for 4Q results is over. The new reporting season does not start until April14 with US bank results. Equity investors will now increasingly turn their attention back to economic risks.

Regeneron Pharma: Successful phase III study in COPD drug

Beiersdorf: 2022 Organic sales growth of +10.2% y/y, Consumer margin improvement of 50BP in 2023e
BMW: Sales growth of +28% y/y, EBIT margin target 2023 reaffirmed

PDF Download Download PDF (5.6MB)
2023/03/28 / Erste Group Research

Pharma Stocks with Good Prospects


Rating Changes: Adobe, NextEra Energy, Regeneron Pharma, Nutrien, Walmart

Earnings estimates for the US equity market are positive for 2023. Although earnings are still expected to decline in 1Q and 2Q: 1Q 23e: -6% (y/y), 2 Q23e: -3% (y/y), there is an increase in earnings for the full year, according to the consensus forecast. Accordingly, the median expected 2023 profit growth is +9% (y/y).

The reporting season for 4Q results is over. The new reporting season does not start until April14 with US bank results. Equity investors will now increasingly turn their attention back to economic risks.

Regeneron Pharma: Successful phase III study in COPD drug

Beiersdorf: 2022 Organic sales growth of +10.2% y/y, Consumer margin improvement of 50BP in 2023e
BMW: Sales growth of +28% y/y, EBIT margin target 2023 reaffirmed

PDF Download Download PDF (5.6MB)

Erste Group related products

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Name  ISIN# Erste Group products
-NL00150001Q90
-US05675210850
-US51843910440
-US88579Y10100
ABBCH00122217160
Abbott LaboratoriesUS00282410000
AbbVieUS00287Y10910
AdidasDE000A1EWWW034
AdobeUS00724F10120
Advanced Micro DevicesUS00790310780
AlibabaUS01609W10270
AllianzDE000840400535
AlphabetUS02079K30590
Amadeus IT GroupES01090670190
Amazon.ComUS02313510671
AmBevBRABEVACNOR10
AmgenUS03116210090
Anheuser Busch InbevBE09742932510
AppleUS03783310050
ASMLNL00102732150
AT&TUS00206R10230
Bank of America US06050510460
BASFDE000BASF11130
Bayer DE000BAY001736
BeiersdorfDE000520000028



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