AFKVanEck Africa Index ETF
The schedule
- Tue27Oct
(Driven by MMYT) Q3 earnings print assessing travel demand resilience and margin stability amid high valuation multiples.
- Thu14Jan
(Driven by MMYT) Readthrough on peak Indian winter travel season volumes, aviation traffic, and competitive discounting.
- Tue9Feb
(Driven by GFI)
- Mon10May
(Driven by MMYT) First quarter results focusing on YoY operating leverage improvements and top-line momentum.
- Tue15Jun
(Driven by MMYT) Market evaluation of liquidity runway, debt maturities, and interest coverage sustainability.
- Tue20Jul
(Driven by MMYT) Quarterly earnings print facing seasonal monsoon headwinds and potential broader macro softening.
Past
- Thu30Jul
Actual outcome: Bear
Royal Caribbean's Q2 earnings revealed softer-than-expected peak summer yields and margin pressures from elevated operating costs. This weaker yield management and cautious forward guidance disappointed investors, driving the stock below the bear floor.
Royal Caribbean's Q2 earnings revealed softer-than-expected peak summer yields and margin pressures from elevated operating costs. This weaker yield management and cautious forward guidance disappointed investors, driving the stock below the bear floor.
- Tue30Jun
Actual outcome: Bear
Endeavour Mining's Q2 2026 update reported higher-than-expected All-In Sustaining Costs (AISC) and weaker production volumes, failing to deliver the unit cost compression investors anticipated. The lack of profitability improvement despite strong revenue growth weighed on the stock, driving it below the bear floor.
Endeavour Mining's Q2 2026 update reported higher-than-expected All-In Sustaining Costs (AISC) and weaker production volumes, failing to deliver the unit cost compression investors anticipated. The lack of profitability improvement despite strong revenue growth weighed on the stock, driving it below the bear floor.
- Tue30Jun
Actual outcome: Bear
Gold Fields Limited's H1 2026 results revealed significant cost pressures and weaker-than-expected production volumes, overshadowing the strong gold price backdrop. The elevated All-In Sustaining Costs (AISC) and cautious full-year guidance raised concerns about margin compression, driving the stock below the bear floor as investors questioned the durability of recent earnings.
Gold Fields Limited's H1 2026 results revealed significant cost pressures and weaker-than-expected production volumes, overshadowing the strong gold price backdrop. The elevated All-In Sustaining Costs (AISC) and cautious full-year guidance raised concerns about margin compression, driving the stock below the bear floor as investors questioned the durability of recent earnings.
- Thu21May
Actual outcome: Bear · $26.89 at outcome
The Q1 2026 earnings report failed to deliver the aggressive 'beat and raise' guidance required to justify the stock's lofty 66x P/E valuation. This triggered a valuation reset, causing shares to break well below the bear floor as the asymmetric downside risk materialized.
The Q1 2026 earnings report failed to deliver the aggressive 'beat and raise' guidance required to justify the stock's lofty 66x P/E valuation. This triggered a valuation reset, causing shares to break well below the bear floor as the asymmetric downside risk materialized.
- Fri15May
Actual outcome: Bear · $26.56 at outcome
Airtel Africa's full-year results and 2027 outlook disappointed the market, as severe currency devaluations in key regions like Nigeria weighed heavily on reported earnings and margins. Despite resilient constant-currency growth, management's cautious forward guidance regarding ongoing foreign exchange headwinds and increased capital expenditure drove the stock below the bear floor.
Airtel Africa's full-year results and 2027 outlook disappointed the market, as severe currency devaluations in key regions like Nigeria weighed heavily on reported earnings and margins. Despite resilient constant-currency growth, management's cautious forward guidance regarding ongoing foreign exchange headwinds and increased capital expenditure drove the stock below the bear floor.