ML.PACompagnie Générale des Établissements Michelin Société en commandite par actions
The schedule
- Thu22Oct
Michelin's Q3 trading statement will provide a reality check on Q3 volumes post-tariff headlines. A re-acceleration in high-rim-size replacement tires targets $32.50, while a volume miss tracks to $27.80.
- Thu10Dec
Analysis of winter supply chain dynamics, focusing on spot prices for natural rubber, carbon black, and petrochemicals. Successful margin defense implies a drift to $33.50, whereas cost-push margin compression targets $29.50.
- Tue16Feb
Full-year 2026 earnings print coupled with 2027 initial guidance and potential shareholder return updates. A strong forward guide and dividend hike aims for $33.00; cautious guidance sets up a drop to $27.00.
- Thu22Apr
First-quarter 2027 sales update, heavily focused on the replacement cycle for early-model EVs whose heavier chassis drive accelerated tire wear. Favorable adoption targets a breakout to $35.50, while poor mix-shift lands at $30.50.
Past
- Tue15Sep
Evaluation of new tariff frameworks proposed by President Trump's administration, potentially targeting EU automotive supply chains and exports. Favorable relief targets $34.50, while the adverse tariff enactment models a drop to $30.00.
- Tue28Jul
Michelin reports H1 2026 earnings, with focus heavily skewed toward sustaining the 63.35% YoY net income growth and defending operating margins. Expected favorable resolution at $33.50 versus a downside miss at $29.00.
