Its time for another reporting season after coronavirus took a heavy toll on corporate earnings all over the world in 2020.
New Zealand gained early success in controlling coronavirus on the back of strict early travel policies, science-based government action, and policies responsive to testing constraints.
The NZX 50 Index experienced a sinusoidal trend in 2020, dropping to 2018 lows in March 2020 due to COVID-19 induced global markets’ collapse, but gradually turning to a steep reversal later. While some companies from technology and healthcare sectors made lots of money, some companies held on their own. Aviation and tourism sectors were the adversely impacted sectors in 2020 due to lockdown measures and border closures.
Kalkine’s reporting calendar gives a spot-on view to different analysts, traders and customers about the companies reporting dates and performance expectations ahead. During this season, companies provide updates on their earnings and often offer outlook encompassing the goals they intend to achieve in the upcoming period.
The reporting calendar assists you in staying updated and keeps you informed about the market happenings. It allows you to track companies that are about to declare their earnings in the coming weeks and sheds light on the companies estimated profits, as well as costs.
Amid distinct market exuberance witnessed every day, few NZX listed companies are gradually getting back in form, stimulating the investor’s passion as the February Reporting Season knocks- the show that is likely to reveal how companies have been performing amid vaccine developments and economic revival.
Given the backdrop, we take you through the timeline of these updates so that you do not miss out to scan through the performance of your favourite NZX-listed companies.
|Date||Company Name||NZX Code||Reporting period||Business Outlook|
|11-Feb-21||Telstra Corporation Limited||TLS||HY21||Expects underlying EBITDA in the range of $7.5 to $8.5 billion and ROIC target of 8% by FY23.|
|11-Feb-21||AMP Limited||AMP||FY20||AMP remains committed to delivering $300 million of annual run-rate cost savings and its transformation investment of $1.0 billion to $1.3 billion by FY22.|
|15-Feb-21||Contact Energy Limited||CEN||HY21||Aims to displace 1PJ of industrial heat with electricity by 2022, helping customers transition from higher carbon fuels to low carbon. fuels|
|17-Feb-21||NZX Limited||NZX||FY20||Expects 2020 EBITDA operating earnings to hover around the top of the guidance range of $30.0 million to $33.5 million.|
|17-Feb-21||Fletcher Building Limited||FBU||HY21||Expects 1H21 EBIT before significant items to be in the range of $305 million to $320 million.|
|18-Feb-21||Skellerup Holdings Limited||SKL||HY21||Expects FY21 NPAT to be in the range of $30 to $35 million|
|18-Feb-21||Auckland International Airport Limited||AIA||HY21||Owing to the COVID-19 caused uncertainity, suspended underlying earnings guidance for FY21 and to be reassessed in HY21 results.|