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|
|5-May-21||Australia and New Zealand Banking Group Limited||ANZ||HY21||ANZ’s first half 2021 Cash Profit after tax will be impacted by $817 million, equivalent to ~5 bps of CET1 capital.|
|6-May-21||Z Energy Limited||ZEL||FY21||ZEL expects its FY21 EBITDAF to be in a range between $235 million to $245 million and expects to pay full year dividend for FY21.|