{"id":24744,"date":"2012-10-22T13:00:04","date_gmt":"2012-10-22T11:00:04","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=24744"},"modified":"2012-10-23T08:40:37","modified_gmt":"2012-10-23T06:40:37","slug":"vodacom-beats-analyst-forecasts","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/24744\/vodacom-beats-analyst-forecasts\/","title":{"rendered":"Vodacom beats analyst forecasts"},"content":{"rendered":"

Shares in Vodacom<\/a> rallied 3% in lunchtime trade on the JSE<\/a> on Monday (22 October) after the group released a trading statement which exceeded analysts\u2019 expectations.<\/p>\n

By 12:45, shares in Vodacom moved 3%, or R3.11, higher to R106.67 on the local bourse, a fraction off an\u00a0intraday best of\u00a0\u00a0R106.95. The All-Share Index traded up 0.51% to 36,970 points, while the overall telecoms sector gained 1.64% to 74,917 points.<\/p>\n

The group boasts a market cap of R158.72 billion.<\/p>\n

Vodacom is\u00a0expecting its headline earnings per share for the six months ended September to be between 20% and 25% higher than 324 cents in the corresponding period last year.<\/p>\n

The group also expects basic earnings per share (EPS) to be between 30% and 40% higher than 301 cents\u00a0in 2011.<\/p>\n

An analyst at PSG Konsult<\/a> said that Vodacom\u2019s trading statement was possibly a \u201cbit above expectations\u201d but also cautioned that earnings per share in the prior period was \u201cdistorted\u201d by the sale of Gateway Carrier\u00a0Services at the end of August, the profit of which had a favourable impact on EPS for the\u00a0period.<\/p>\n

On this issue, the dealer said it was difficult to analyse the group\u2019s impending results until getting all the details, but quickly added that the trading statement was \u201cbetter than the market expected\u201d.<\/p>\n

He noted that Vodacom had come under some pressure in recent times having been caught up in an ongoing price war with Cell C<\/a>. Shares in Vodacom reached a low of R91.78 in late June.<\/p>\n

He said that, if Vodacom and other operators were able to show continued growth amid reduced tariffs, it would herald “a big win for the industry”.<\/p>\n

\u201cThis is why MTN<\/a> is also up,\u201d the analyst said.<\/p>\n

Shares in MTN also lifted R2.32, or\u00a01.52%, to R155.32 – giving the group a market cap of R292.54 billion.<\/p>\n

Related articles<\/strong><\/p>\n

Vodacom sees jump in interim results<\/strong><\/a><\/p>\n

Analysts see MTN value post R160 per share<\/strong><\/a><\/p>\n

Best tech shares in SA<\/a><\/strong><\/p>\n

Good value Vodacom not without challenges<\/a><\/strong><\/p>\n

Cell C marches on in mobile data war<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares in Vodacom rallied more than 3% in lunchtime trade on the JSE on Monday after the group released a trading statement which exceeded analysts\u2019 expectations.<\/p>\n","protected":false},"author":9,"featured_media":5766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[26,28,1310,27],"class_list":["post-24744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-headline","tag-mtn","tag-psg-konsult","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=24744"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24744\/revisions"}],"predecessor-version":[{"id":24748,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/24744\/revisions\/24748"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5766"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=24744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=24744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=24744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}