10 ASX-listed stocks to keep an eye on ahead of August earnings

Summary

  • This season, corporate earnings are expected to be better than the same period last year due to lockdowns and stringent restriction previous year.
  • Woolworths expects to report a AU$57 million pre-tax significant item net gain in its FYF21 result.
  • Other key stocks to look for ahead of their August earnings are COL, ABY, CSL etc.

The corporate earnings season has kicked off in Australia, with companies reporting their quarterly performance for the period ended June 2021. Earnings announcement is an important quarterly event investor keenly keep an eye on as companies declare their sales, profit, margin figures, etc.

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This season, corporate earnings are expected to be better than the same period last year due to lockdowns and stringent restriction in FY20, hampering companies’ operations. Let’s have a look at 10 companies which are yet to declare their numbers.

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  1. Coles Group Limited (ASX:COL)

Coles is a supermarket giant in Australia and an arch-rival to Woolworths. In the first four weeks of Q4 FY21, Supermarkets sales increased by approximately 4%. Supermarkets sales in April were subdued due to social distancing restrictions on traditional family events such as Easter. In the last filings, the company expected both capital and operating expenditure investments in strategic initiatives to be continued for the remainder of the year.

                   

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  1. Afterpay Limited (ASX:APT)

One of the dominant BNPL players in Australia, Afterpay, had a great FY21 so far. In the third quarter, the underlying sales in the US and the UK were up 211% and 277% respectively over the same period last year. The company is currently working with external advisors to explore options for a US listing as the US market is now the largest contributor to its business.

  1. Redbubble Limited (ASX:RBL)

The Redbubble Group owns and operates the leading global online marketplaces, providing high-quality everyday products. It has clocked a marketplace revenue of AU$456 million, up 85% over the same period last year, while EBIT turned positive to AU$41 million, compared to a loss of AU$12 million in FY20.

  1. Youfoodz Limited (ASX:YFZ)

Youfoodz is one of the fastest growing consumer food brands in the country. The company has clocked a gross revenue of AU$50.2 million and expects FY21 gross revenue to be delivered in the range of AU$201-AU$205 million, reflecting a strong headline growth driven by B2C, with overall FY21 revenue mix increasing in favour of this segment.

  1. Woolworths Group Limited (ASX:WOW)

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Woolworths is another supermarket giant in Australia. The group expects to report a AU$57 million pre-tax significant item net gain in its FYF21 results, scheduled for 26 August 2021. Amid the acquisition of an additional 27.8% stake in Quantium, a non-cash gain of approximately AU$220 million will be registered by the company.

  1. CSL Limited (ASX:CSL)

CSL is a biotechnology firm aiming to treat and prevent serious health conditions. As the COVID-19 pandemic recedes and social mobility increases, the company expects growth in doctor visits, elective and emergency procedures, leading to growth in its product demand. However, reduced plasma collections in the COVID-19 environment leading to constrained sales and elevated COGS (cost of goods sold) would be evident in the upcoming filings.

  1. Origin Energy Limited (ASX:ORG)

Origin is an oil and gas exploration company, based in Australia. The combination of strong production and operating and cost discipline has helped to reduce the FY21 distribution to break-even. The company continues to target significant retail cost savings and is on track to achieve AU$100 million in savings by the end of FY21.

  1. Admiralty Resources NL (ASX:ADY)

Admiralty Resources explores and develops mineral deposits in both Australia and outside of it, in countries like Chile and Hong Kong. In June 2021, the company successfully raised AU$2.6 million, offering 144.44 million ordinary shares at AU$0.018 per share.

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In the quarter ended March 2021, the company’s new project partner, Hainan Xinlei Mining Management Company Limited, began the tender process to procure mining equipment for the Mariposa project.

  1. Adore Beauty Limited (ASX:ABY)

Adore Beauty is Australia’s first beauty-focused e-commerce website. The company garnered a revenue of AU$39.4 million, up 47% over the previous year. In the recent result, the management said it expected to deliver FY21 revenue growth above pre-COVID-19 levels, in between 43%-47%, compared to 38.6% growth in FY19. The company’s FY21 EBITDA will reflect its continued investment, including in marketing and advertising.

  1. The a2 Milk Company Limited (ASX:A2M)

In July, the company announced that the New Zealand Overseas Investment Office had issued its consent to the company’s acquisition proposal of a 75% stake in Mataura Valley Milk. In a revised outlook for FY21, the company said more aggressive actions had been taken in Q4 FY21, which will impact the FY21 results. The company looking at a revenue for FY21 in the range of AU$1.20 billion to AU$1.25 billion.

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