FINWIRES · TerminalLIVE
FINWIRES

RBC Updates Estimates for Ryanair Ahead of Fiscal Q1 Results; Outperform Rating Kept

By

RBC Capital Markets adjusted its model for Ryanair (RYA.IR), tweaking its earnings forecasts for the Irish budget airline ahead of its fiscal first-quarter results due July 20.

"We update macro forecasts ahead of 1Q results, and reflect a lower oil price since our last update in May. We firm EBIT and EPS forecasts by ~2-3% on average over FY27E-FY29E (weighted towards FY27E-FY28E)," the research firm said Monday.

Additionally, analysts forecast higher fuel unit costs in fiscal 2028, as their 2027 estimates included "protection" from pre-war fuel hedges, leaving their forecasts below market expectations.

Against this backdrop, RBC cut its revenue projections for 2028 and 2029, while increasing its forecast for 2027.

The stock remains rated at outperform, with an unchanged price target of 29 euros.

Related Articles

Equities

High Energy Costs Weighing on UK Business Performance, Groups Say

High energy costs are undermining the UK's economic performance, prompting business groups to urge the incoming government to shift billions of pounds in green levies from electricity bills to general taxation, Bloomberg reported Monday.Industrial electricity costs in the UK are 45% above the G7 median, putting businesses at a disadvantage internationally, the report said, citing a report by the Confederation of British Industry and Energy UK.About four in 10 companies surveyed said they have cut capital spending due to high electricity bills, the report said.

Equities

Tullow Oil Unit to Receive Additional $9 Million in Kenya Deal; Royalty, Back-in Rights Terminated

Tullow Oil's (TLW.L) Tullow Overseas Holdings secured an additional $9 million for the sale of Tullow Kenya to Gulf Energy Ltd affiliate Auron Energy E&P.As part of the deal, the London-listed oil company said Monday it will also give up its rights to Kenyan royalty payments and back-in rights with Gulf Energy.The sale and purchase agreement for Tullow Kenya was signed in July 2025 and included three payment tranches.

$TLW.L
Equities

Shell to Divest Indian Renewables Unit to Aditya Birla for $1.8 Billion

Oil and gas giant Shell (SHEL.L, SHELL.AS) said Monday it will sell Solenergi Power, which includes its Indian renewable energy business Sprng Energy, for $1.8 billion.The sale to Aditya Birla Group's renewable energy platform, Aditya Birla Renewables, is expected to complete by yearend. Shell said Sprng Energy employees will continue employment with the new owner.Sprng Energy supplies solar and wind power to electricity distribution companies in India.

$SHEL.L$SHELL.AS