A look at the winners and losers of the August earnings season. View the full screen here or by clicking on the image above. Earnings Wrap: Dividends, buy-backs and takeovers feature. CommSec Dividend Report. A rebound for the Perth casino following lockdowns provided one of the optimistic notes in a picture that will be define by regulators in the months ahead.
Fortescue Metals Group FMG has released a set of record numbers for the past financial year achieving record revenue, earnings, cashflow and iron ore shipments. The a2 Milk Company A2M posted a worse than expected A rapidly evolving China infant nutrition market, border closures and excess inventory weighed on the result. Group sales rose by 5. The share prices of some companies are at record highs too, meaning there could be less potential for shares to rise much more, even if their results are strong.
And if a company disappoints, its share price could fall sharply from current highs. Overall, CommSec analysts expect the current high share prices to match with the results delivered this time around. However, Ms Jorritsma says if the recent US earnings season is anything to go by, the results may get a pretty lacklustre reaction.
To say a lot has happened between July 1 last year and June 30 this year is a pretty mammoth understatement. That has been followed by a series of snap lockdowns and border closures around the country, including in Sydney, starting in the final days of June.
The JobKeeper wage subsidy program that helped keep companies afloat at the depths of the crisis was withdrawn earlier this year. Australia's economy began growing again after its first recession in three decades and unemployment dropped below pre-pandemic levels.
Countries such as India grappled with severe COVID outbreaks, while others such as Israel and Canada vaccinated the vast majority of their populations. Commodity prices rallied, with iron ore a standout despite ongoing trade tensions between Australia and China , while oil prices recovered from the lows of Most analysts say this all bodes well for Australian companies this reporting season. Citi analysts are tipping positive surprises to outweigh downside surprises by They're also expecting a high level of dividends to be paid out to shareholders, across the market broadly but led by the miners.
CommSec is forecasting solid earnings, reflecting the bounce-back in the Australian economy over the period. Given the rise in iron ore prices, miners are expected to be a standout, with strong results and big dividends for shareholders, as Rio Tinto has already demonstrated. But he does think things may have peaked for that sector, and the end of JobKeeper could have also had an impact. RBC Capital Markets' Karen Jorritsma expects weak results from travel and aviation companies, especially given the renewed uncertainty brought by the coronavirus Delta variant.
And she's also not expecting a strong performance from childcare providers, which she says remain under pressure despite the government support they have received. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Here's why it matters and what to expect this time around. What exactly is reporting season? OK, but why should I care? What is a dividend? What could happen to stock prices during reporting season?
Will company results justify high share prices? Your plain English guide to ASX company profit reporting season. Is China about to walk away from Australia's biggest export? The unlikely 'Armageddon' risk lurking beneath ETF share investments. More on:. Start typing…. Popular searches. What is reporting season? Related articles. Here are some key things to know about reporting season. Why do companies report twice a year? What information is released? What are the risks? Start trading with CommSec Tell me more.
Things you should know. Commonwealth Bank.
0コメント