It is again that time of the year when investors across the globe gauge ASX-listed companies releasing their results and outlook. The period outlines the most crucial time in the financial markets, driving market momentum and aiding investors in their decision making.
After an unprecedented 1.5 years, global recovery with most of the key indicators is making its way to pre COVID-19 levels. This follows supportive government policies and revived labour market scenario. However, as uncertainty is the new normal amid renewed lockdown restrictions, companies remain watchful of risks, in particular variant infection and vaccination rates.
The August Reporting Season is likely to unveil how companies have been able to manage their balance sheets amid continued internal challenges and external uncertainties! We are wary of the turbulence at a bigger scale wherein business earnings are impacted by external factors like coronavirus impact and other global economic and political risks. Nonetheless, we expect a group of star performers defensively showcasing the potential.
In view of the above, we bring to you the timeline of these earnings releases so that you do not miss out to check the performance of prominent ASX-listed companies!
|Date||Company Name||ASX Code||Reporting period||Business Outlook|
|28-Jul-21||Rio Tinto Limited||RIO||HY21||Pilbara iron ore shipments are likely to be at the low end of the guidance range (production guidance for FY21 is 325 to 340 Mt).|
|4-Aug-21||BWP Trust||BWP||FY21||Rent reviews are expected to contribute incrementally to property income for the half-year to 30 June 2021. Demand for Bunnings Warehouse properties is expected to remain relatively stable.|
|4-Aug-21||Genworth Mortgage Insurance Australia Limited||GMA||HY21||The Company is exploring opportunities to extend its core LMI capabilities in ways that support its goal of increasing home ownership in Australia.|
|5-Aug-21||ResMed Inc||RMD||Q421||ResMed is confident of accelerated growth in patient flow, and ongoing progress toward its goal of improving 250 million lives in out-of-hospital healthcare in 2025.|