Renault Consensus Earnings Expectations Could Rise -- Market Talk
Dow Jones2026/10/29 09:280928 GMT - Renault's full-year consensus EBIT expectations could move higher by a low-single-digit percentage, based on third-quarter sales trends, UBS analyst David Lesne writes. Sales in the quarter beat expectations slightly, and UBS says fourth-quarter implied sales growth sits at around 2%-3%. The company also confirmed guidance, as expected, with the CFO commenting that group EBIT margin is expected toward the bottom of the 5.3%-5.7% range, while consensus sits at 5.1%. "Unlike multiple original equipment manufacturers issuing profit warnings, Renault stands out." UBS rates Renault at sell with a 26 euro price target. Shares rise 5.4% to 27.77 euros. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
October 29, 2026 05:28 ET (09:28 GMT)
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