We'll be hearing from Associated British Foods plc (LON: ABF), ARM Holdings plc (LON: ARM) and GlaxoSmithKline plc (LON: GSK).
Next week is a busy week for news from FTSE 100 companies, as first-quarter results time for those whose years end in December approaches -- and it comes after many of our biggest companies enjoyed a strong 2012. Here are three top firms reporting next week:
Associated British Foods
Tuesday will bring us interim results from Associated British Foods (LSE: ABF), and according to February's pre-close update, operating profit will be up on last year thanks to a strong performance from Primark. First-half earnings per share (EPS) should be "substantially ahead", though full-year expectations were unchanged at the time. Current forecasts suggest a rise in adjusted EPS of around 10%, and that is expected to be weighted towards the first half.
The Associated British Foods share price has had a great year, gaining 50% over the past 12 months to 1,829p -- though it has been even higher, touching 1,943p a couple of weeks ago. After that climb, the shares are on a forward price-to-earnings (P/E) ratio of about 19.
We should have first-quarter figures from ARM Holdings (LSE: ARM) (NASDAQ: ARMH.US) the same day. ARM shares have been on a bullish run since last summer, but have dropped back a little over the past couple of months. After peaking at 985p on 6 March, the price has since slipped to 879p -- but that's still a rise of about 80% since June.
Full-year results for 2012 brought a 20% rise in normalised pre-tax profit, to £276.5 million, with earnings per share up 18% to 14.7p. The latest forecasts are suggesting earnings of around 19p per share this year, which would be a 30% rise. High-growth shares like this, of course, usually attain high P/E multiples, and ARM is no exception -- the forward P/E for 2013 estimates is about 45.
Then on Wednesday, we should have a Q1 update from GlaxoSmithKline (LSE: GSK) (NYSE: GSK.US), a constituent of the Fool's Beginners' Portfolio. And judging by the share price performance of late, investors must be expecting a good year -- the shares are up 25% since mid-November, to today's price of 1,651p.
For the full year, City analysts are forecasting growth in earnings per share of more than 20%, and are expecting a dividend yield of around 5%. That would put the shares on a forward P/E of around 14, which is close to the FTSE long-term average -- but with a better-than-average dividend.
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> Alan does not own any shares mentioned in this article.