Bullish Earnings Season Ahead: Citi

LatAm companies will see earnings growth of 25% and Ebitda expansion of 33% in the coming round of earnings announcements, according to Citi. The bank’s analysts refer to the 122 LatAm stocks Citi covers in the region. The shop sees Brazilian companies leading expectations in Q1 both in terms of top line and Ebitda growth, where it foresees expansion of 46% and 39% respectively. In Mexico, those two metrics are expected to come in at 20% and 16% respectively, says the shop. Brazil is also home to the greatest number of growth stocks, or those which may deliver year-on-year growth forecasts of more than 50%. The following fall under the growth category for Citi: LAME, Dufry, Datasul, Rodobens, Gafisa, Cyrela, Brascan, PDG, Marfrig, Embraer, LUPA3, Ultrapar in Brazil. In Mexico, Mexichem, ICA.