Investors eagerly await the company’s earnings report
- Revenue for 2023 is forecast at 27.60 billion pounds ($34.77 billion)
- Adjusted operating profit is forecasted at GBP12.595 billion
- Shares have fallen 7.3% over the past three months
- Investors will be keenly watching the results for more details of the writedown
- The company’s smokeless products revenue is expected to rise
- Guidance for 2024 metrics are likely to be reiterated
British American Tobacco is scheduled to report its 2023 results on Thursday. Revenue for 2023 is forecasted to be 27.60 billion pounds ($34.77 billion), slightly lower than the previous year. The company is expected to report an adjusted operating profit of GBP12.595 billion, showing a slight increase from 2022. However, shares have fallen 7.3% over the past three months and are down 25% compared to last year. Investors will be closely monitoring the results for more details on the $31.5 billion charge to cut the value of its U.S. cigarette business. Additionally, the company’s smokeless products revenue is expected to rise, and guidance for 2024 metrics is likely to be reiterated. Overall, the earnings report will provide valuable insights into the company’s performance and future prospects.
Public Companies: British American Tobacco (BAT)
Private Companies:
Key People: Joe Hoppe (Author)
Factuality Level: 8
Justification: The article provides specific information about the forecasted revenue and adjusted operating profit for British American Tobacco in 2023, as well as the previous year’s figures. It also mentions the company’s December update regarding a $31.5 billion charge and provides insights from Citi analysts. The information seems to be based on consensus provided by the company and research notes from Citi. However, the article lacks additional sources and may benefit from more context and analysis.
Noise Level: 3
Justification: The article provides relevant information about British American Tobacco’s upcoming financial results for 2023, including revenue and adjusted operating profit forecasts. It also highlights important factors to watch, such as the $31.5 billion charge for the U.S. cigarette business and the expected rise in smokeless products revenue. The information is concise and focused, without irrelevant or repetitive content. However, the article lacks scientific rigor and intellectual honesty as it mainly relies on consensus provided by the company and analyst opinions without providing additional evidence or data to support the claims.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets that may be impacted by this news article are the tobacco industry and the stock market, specifically the FTSE 100 index.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The news article does not mention any extreme events or events with significant impact. It primarily focuses on the financial performance and expectations of British American Tobacco, including revenue, operating profit, and guidance for the future. Therefore, there is no need to rate the impact of an extreme event.
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