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Stocks to watch over the next 7 days: Saga, Enquest, Constellation Brands and Levi Strauss

Saga investors have to hope earnings are on course
The share price has been unusually volatile since the interim results
Rather like its cruise-ship customers, shareholders in over-50s financial services and leisure group Saga (SAGA) will be hoping everything is plain sailing when the firm reports full year earnings on 4 April.
The last six months have been anything but quiet, with the shares touching all-time lows of 72p after the firm’s half-year earnings update disappointed in September, sending the stock price plunging.
That was followed by a breakneck rally to 188p as investors chased ‘value’ stocks, and another reversal this month to 128p as financial shares hit the rocks.
The firm has already cut its pre-tax earnings guidance to between £20 million and £30 million, so at the six-month stage the focus will be on claims frequency and cost inflation in the insurance business. [IC]
All eyes on the impact of the windfall tax on Enquest’s earnings
Versatile retailer is winning market share as high street and online pure-play competitors struggle
When Enquest’s (ENQ) North Sea oil and gas peer Harbour Energy (HBR) reported its 2022 results the energy profits levy nearly wiped out its entire pre-tax earnings.
This was essentially an accounting decision, with Harbour still generating $2.1 billion worth of cash flow, but it will be interesting to see if Enquest follows suit with its own full-year results (5 April) as operators look to pressure the UK Government to ease up on the sector. [TS]
Can drinkers continue to swallow price rises from Constellation Brands?
The alcoholic drinks producer is having to raise beer prices to offset inflationary pressures
American beer, wine and spirits producer Constellation Brands (STZ:NYSE) serves up results for the full year and fourth quarter ended 28 February on 6 April and investors will be thirsty for
updates on beer market share gains and the supply chain cost pressures facing the drinks group.
Shares in the company behind Corona beer, Casa Noble tequila and wine brand Meiomi fell in early January on the news higher raw material, packing and logistics costs had offset beer sales growth in the third quarter to 30 November, driven by its Modelo Especial and Modelo Chelada brands.
The Bill Newlands-led company behind Svedka vodka also warned it planned to continue raising beer product prices to offset higher supply chain costs. [JC]
Levi Strauss needs to avoid too much discounting
Margins in focus as denim brand cuts prices to clear inventory
Iconic denim brand Levi Strauss (LEVI:NYSE) posts first quarter earnings on 6 April. The company saw some momentum in the final three months of 2022 – with earnings per share of $0.34 ahead of the forecast $0.29.
However, discounting is eating into margins, with the company looking to clear a backlog of inventory. If discounting goes too far it could undermine the integrity of the brand and affect the company’s ability to pass on higher costs in the future. [TS]
UK UPDATES OVER THE NEXT 7 DAYS
HALF-YEARLY RESULTS
31 March: James Halstead
FULL-YEAR RESULTS
31 March: MP Evans, Dignity, Computacenter
3 April: Elixirr International, Saga, Accesso Technology
4 April: Hilton Food, EnQuest, Lookers
TRADING UPDATES
31 March: Pennon
3 April: Tracsis
4 April: Anexo
5 April: RS Group
6 April: Robert Walters
US UPDATES OVER THE NEXT 7 DAYS
QUARTERLY RESULTS
3 April: Yum! Brands, Targa Resources, Science Applications
4 April: Freedom, MSC Industrial Direct, Acuity Brands
5 April: Simply Good Foods, Novagold
6 April: Constellation Brands, Levi Strauss
EUROPEAN UPDATES OVER THE NEXT 7 DAYS
QUARTERLY RESULTS
5 April: Sodexo
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Investors acting on the information in these articles do so at their own risk and AJ Bell Media and its staff do not accept liability for losses suffered by investors as a result of their investment decisions.
Issue contents
Feature
Great Ideas
Investment Trusts
News
- UK small cap trusts: upgrade for Mercantile and changes afoot for Abrdn Smaller Companies
- Discover why Wetherspoons shares are up 50% since the start of 2023
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- Why big tech has seen a handsome recovery which may have legs
- Latest retail sales figures show slide in non-essential spending