Let’s have a look at some companies reporting today.
Reporting Season 15/08/2024 Watchlist 10:50AM
A mixed day. ASX:FID, ASX:MFG and ASX:NWH the big winners. ASX:LRS is up substantially on a takeover from ASX:PLS.
Reporting Season 15/08/2024 Watchlist Pre-Market
Not the most inspiring list but I’ll give it a go.
Enero Group ASX:EGG
Yuck! No reason to spend any more time on this one. Even if it’s better than the market expected this is not the type of company I would want to invest in.
Treasury Wine Estates ASX:TWE
It’s never a good sign when the results announcement is 16 pages when most companies do it 3 or 4.
A messy result with some big write-downs. Revenue looks a little below market expectations ($2739.8 vs $2761.7). Let’s keep moving.
Telstra ASX:TLS
Revenue of $23.5B vs $23.76B expected.
EBITDA of $8.2B in line with expectations.
Yawn, another nothing stock.
Pact Group ASX:PGH
Revenue and EBITDA are falling, automatically disqualifies them as investible for me.
EBITDA $265.4 vs $280 expected.
Watch out below!
I love earnings season but days like this are such a disappointment.
Cochlear ASX:COH
https://www.cochlear.com/au/en/home
Hooray, finally a company that’s growing at a meaningful rate.
Revenue $2258.2M vs $2276.64M expected.
Underlying Net Profit $386.6M vs $393.7M expected.
While the company is growing, it’s has not done so at the rate the market was anticipating. This is a quality company no doubt but this does certainly hasn’t beaten market expectations.
Magellan ASX:MFG
https://www.magellangroup.com.au/
Profits are up at Magellan even though revenues slid 12%. Let’s see how they compare to expectations.
Revenue $378.6M vs $316.5M
Adjusted Net Profit $177.9M vs $171.1M
Looks like a better than expected result for MFG.
NRW Holdings ASX:NWH
Revenue $2.9B vs 2.9B expected
EBITDA $334.8M vs $316.84 expected
Looks like the result of the day.
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.
Reporting Season 15/08/2024 – Today I have a look at ASX:EGG, ASX:TWE, ASX:TLS, ASX:PGH, ASX:COH and ASX:NWH.