Handelsbanken Offers Optimistic Outlook for H&M Ahead of Q3 Report
Handelsbanken predicts a positive Q3 report for H&M, indicating potential recovery for the retailer.
- • Handelsbanken anticipates a positive Q3 report for H&M.
- • The bank's outlook is more optimistic than the analyst consensus.
- • They believe H&M has left its worst performance behind.
- • Profit revisions for H&M are trending positively.
Key details
Handelsbanken has released a positive forecast regarding H&M's upcoming third-quarter financial results, indicating a potential recovery for the retail giant. The bank’s analysts anticipate that the worst is behind H&M, as they predict a more favorable performance than the general consensus among market analysts.
According to Handelsbanken, revisions to profit forecasts for H&M are beginning to show positive trends, suggesting an improving financial outlook for the company. This interpretation contrasts sharply with the prevailing sentiment in the market, where analysts have maintained a relatively more cautious stance on H&M's performance.
The anticipated report is expected to be published in just over a month, and Handelsbanken's optimistic view raises hopes for a turnaround in H&M’s operational metrics. The bank's analysis reflects a growing belief that H&M can overcome previous challenges, marking a pivotal moment for the retailer in the Swedish economy and retail sector.