There isn’t an excessive amount of information from FTSE 100 firms coming our approach in April. However two key occasions from a pair I’m watching may make it a great month to contemplate them.

Retail rebound?

On Wednesday 9 April, JD Sports activities Vogue (LSE: JD.) is because of convey us a fourth-quarter replace for the yr to February 2025. The share price has taken a little bit of a bashing prior to now few years. And it’s down 47% in simply the previous 12 months.

The corporate’s US enlargement seems to be prefer it possibly couldn’t have come at a worse time. And investing in a downtrodden inventory generally is a dangerous enterprise. Particularly if it’s in as aggressive a market as discretionary clothes retail.

Valuation plunge

Forecasts recommend a giant fall in earnings per share (EPS) for the yr, down round 25%. However analysts already count on to see a 50% rebound in 2026, adopted by one other 13% the yr after. If that comes off, it may drop the JD Sports activities price-to-earnings (P/E) as little as 5.5 by 2027.

At this stage, a lot of those predictions must be speculative. Loads can occur to a sector like this in two years, particularly with President Trump’s enthusiasm for tariffs and commerce struggle.

In asserting its This autumn replace, JD Sports activities advised us it can embody “preliminary steerage for FY26 and an replace on our medium-term plan“. That’s what I most wish to see.

Constructing again?

Wednesday 16 April brings a third-quarter buying and selling replace from Barratt Redrow (LSE: BTRW), in its first full yr because the merger of Barratt Developments and Redrow accomplished in August 2024.

The share price is down 10% prior to now 12 months. However at the least we’re solely a 6% decline over 5 years. That’s maybe not too dangerous for a sector beneath a lot stress.

Wanting ahead, February’s first-half report advised us: “Whilst our full year out-turn remains dependent on how the market evolves through the Spring selling season, based on solid reservation activity since the start of January, we expect to deliver total home completions of between 16,800 and 17,200 in FY25 (including c. 600 JV completions).”

Steerage wanted

I’d actually wish to see some replace on how that spring promoting season is shaping up. And if the corporate sees the yr turning out the best way the Metropolis analysts do, we could possibly be on for one thing good.

Forecasts recommend a return to EPS progress this yr, virtually doubling from 2024’s depressed stage. After that, they’ve one other near-doubling on the playing cards between 2025 and 2027. That may nonetheless depart us in need of Barratt’s 2023 earnings. However a long-term restoration has to start out someplace.

These forecasts put the P/E down at lower than 10 by 2027. We will’t ignore the stress the home builders will nonetheless face whereas the economic system is weak and mortgage charges are excessive. However I believe this must be a great time to contemplate Barratt Redrow.