Volatile reporting season ahead

A leading analyst has forecast a bumpy profit season, as companies downgrade their forecasts. Share price reactions have been sharp following ‘negative surprises’. Macquarie Securities says the industrials sector will be flat, with no overall earnings growth this financial year.…

Banks under more earnings pressure

Profit reporting season starts this week and investors will be keen to see if there is any sign of a turnaround in the banks’ earnings. It doesn’t look likely, as revenue pressure emerges from several new directions. Banks are facing…

Profit results below par

Fewer than half the ASX-listed companies that issued financial reports last month achieved an increase in profit, making it a disappointing reporting season. And the proportion of companies declaring a dividend fell CommSec’s reporting season wrap shows that a total…

Positive half-year earnings trend points to equity market growth

Earnings figures coming through in the interim reporting season indicate that there is sufficient growth to support a “moderate uptrend” in the Australian equity market this year, a leading analyst says. With just one week to go in the interim…