While markets continue to combat COVID 19, another exciting Reporting Season is here!
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 market, factoring-in to the stock price momentum and aiding investors in their decision making.
Six months down 2020 and what a year it has already been! Markets were just rising over the bushfire and draught crisis and economic conditions seemed relatively stable, but then, COVID 19 struck.
The first pandemic of its kind has broken long-enduring growth records, shattered critical economic benchmarks, forced governments to launch extraordinary monetary stimulus and altered business forecasts for 2020 and beyond. Stymied by lockdowns, dreading a second wave and striving to flatten the curve, the world awaits a vaccine that could turn the corner.
However, there is some comfort in the fact that contemporary companies are not only accepting the “new normal” but are rising to the test in extraordinary ways to address volatile business and humanitarian aspects. While everyday holds distinct excitement in the markets, some of the listed companies are back in action, whetting investor appetite as the August Reporting Season knocks- the show that is likely to unveil how companies have responded to COVID 19!
We are wary of the turbulence at a bigger scale wherein companies’ earnings (in general) are being impacted by external factors like coronavirus impact and other global uncertainties. Nonetheless, we expect a group of star performers showcasing the potential in a defensive way.
In view of the above, we bring to you the timeline of these releases so that you do not miss out to check the performance of your favourite ASX-listed companies!
|Date||Company Name||ASX Code||Reporting period||Business Outlook|
|10-Aug-20||Aurizon Holdings Ltd||AZJ||FY20||Underlying EBIT guidance range suggested to range between $880-930 Mn for FY2020|
|10-Aug-20||GPT Group||GPT||HY20||Withdrew earnings & distribution guidance for the year ending 31 December 2020, set a target of being carbon neutral by 2030|
|11-Aug-20||Challenger Limited||CGF||FY20||Likely that no final FY20 dividend will be paid in September 2020|
|11-Aug-20||Shopping Centres Australasia||SCP||FY20||Expects positive momentum in collections to continue with waivers and deferrals pursuant to the Code of Conduct being processed|
|11-Aug-20||James Hardie Industries||JHX||Q120||North America Adjusted EBIT margin likely to be between 27% - 29%, liquidity guidance could be greater than USD 640 million at 30 June 2020|
|12-Aug-20||Transurban Group||TCL||FY20||Anticipates FY21 distribution to be in line with Free Cash, excluding Capital Releases|
|12-Aug-20||Commonwealth Bank of Australia||CBA||FY20||Affirmed that it will deposit $500 into the account of any eligible business launched through Backr, until the end of 2020|
|12-Aug-20||Computershare Ltd||CPU||FY20||EPS expected to be down ~20% compared to FY19, on a constant currency basis|
|12-Aug-20||Magellan Financial Group||MFG||FY20||Looks forward to simplification and efficiencies for unitholders, improve the trading price of closed class units|
|12-Aug-20||Centuria Capital Group||CNI||FY20||Expects $130 million Centuria Healthcare Property Fund, to be launched imminently and be well subscribed|
|13-Aug-20||Treasury Wine Estate||TWE||FY20||Expects EBITS to be between $530 Mn and $540 Mn|
|13-Aug-20||Telstra Corp Ltd||TLS||FY20||Work remains underway to realign T22 strategic roadmap and other planning mechanisms|
|13-Aug-20||Woodside Petroleum Ltd||WPL||HY20||Trading cost guidance range likely to be $490 Mn– 530 Mn|
|13-Aug-20||Goodman Group||GMG||FY20||Forecasts FY20 operating earnings per security of 57.3 cents, up 11% on FY19 and full year distribution of 30cps|
|13-Aug-20||QBE Insurance Group Ltd||QBE||HY20||The Group expects to report a 1H20 net statutory loss after tax of ~$750 Mn, total net outstanding claims provision is expected to be just above 91%|
|14-Aug-20||Baby Bunting Group Ltd||BBN||FY20||Pro forma EBIT expected to be in the range of $33 Mn-34 Mn, NPAT between $18.5-19.5 Mn|
|14-Aug-20||Newcrest Mining Ltd||NCM||FY20||Expected to achieve FY20 production guidance on the back of strong fourth quarter, with Cadia exceeding the top end of its production guidance|
|14-Aug-20||Iluka Resources Ltd||ILU||HY20||First half zircon/rutile/synthetic rutile sales expected to be 242k tonnes (H1 2019:302k tonnes), rutile prices up 7% from H219|