Royal Mail to post much anticipated update on Wednesday

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https://www.proactiveinvestors.co.uk/co ... 55473.html

Other numbers on the day are expected from Coca-Cola, Gresham Technologies, Euromoney, Verizon and Baker Hughes

Wednesday’s results in the UK include Royal Mail, Antofagasta, Close Bros and QinetiQ, while stateside there will be earnings reports from the likes of Coca-Cola, Johnson & Johnson, and Verizon.

Royal Mail PLC (LON:RMG) is probably the pick of the London list, having been the best blue chip performer in share price terms in the first half of this year as the postal group benefited from the online shopping boom and was promoted back into the FTSE 100.

All eyes will be on management’s outlook tomorrow as investors continue to assess how the post carrier will adapt to the reopening of the economy and the likely drop in demand for its parcel delivery services.


The company saw profits soar last year thanks to a surge in parcel volumes during the pandemic, but with high street opening their doors again there will be questions about how this momentum can be maintained.

It will interest followers of the company whether demand from online shopping has remained higher than before COVID-19 hit - though a recent recruitment drive suggests they are fairly optimistic.

Another area of interest will be the company’s cost control as it focuses on the more expensive business of delivering parcels over letters.

Back in May, JPMorgan told clients to “just buy it” as Royal Mail shares were “ludicrously cheap” – will investors and analysts still be thinking the same later in the week?