LONDON (ShareCast) - Tuesday has a bit of an agricultural feel to it, with animal genetics company Genus (Xetra: 762548 - news) and veterinary health-care company Dechra Pharmaceuticals set to update the market.

Peel Hunt says emerging markets growth should be offsetting higher feed prices at Genus. It is forecasting a 15% improvement in profits, with strong growth across a number of emerging markets.

The key issue currently is the rise in feed prices, Peel Hunt believes. "This will have a direct impact on Genus's feed costs of around 1m, but it will also affect its customers. Some customers may well struggle in the short term, but generally higher feed prices are good news for Genus as it accelerates the trend to industrialisation of the industry and reinforces the benefits of genetics in improving feed conversion," the broker predicts.

"We expect to hear more about plans in China, particularly with the announcement of the major JV [joint venture] with Besun, which will deliver genetics to 10m slaughter pigs when in full operation," the broker added.

As for Dechra, the market is expecting profit before tax of 31.1m on revenue of 420.2m. Earnings per share are tipped to rise 19% to 37.03p, paving the way for the full-year dividend to be upped to around 12.16p from 10.97p last year.

US health-care software developer Craneware (Other OTC: CRWRF.PK - news) issued a profit warning in July which does not seem to have done the share price any long term harm, possibly because the group said that the lowering of earnings guidance was because of deal slippage. Analysts will be looking to see if there has been any more signs since then of customers delaying putting pen to paper on new deals.

Abbot ale brewer Greene King (Other OTC: GRKGF.PK - news) issues an interim management statement, and Panmure Gordon thinks the pubs group will have made a robust start to the new financial year, despite the wettest summer since 1912 in the UK.

"We forecast 3.5% LFL [like-for-like] sales growth in managed pubs and 2.5% growth in average EBITDA [earnings before interest, tax, depreciation and amortisation] in its tenanted pubs," the broker revealed.

"Core (Berlin: LJ1.BE - news) brand brewing volumes should be broadly flat," Panmure Gordon added.

Sticking with the boozy theme, pubs group Spirit Pub Company issues a pre-close interim management statement and Panmure Gordon expects the group to reiterate it is comfortable with market expectations of full-year profit before tax of 51.5m.

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Tuesday preview: Genus, Dechra, Greene King

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