Week two of earnings season was headlined by some of the biggest shares on the ASX including Telstra Corporation Ltd (ASX: TLS) and Commonwealth Bank of Australia (ASX: CBA).
The upcoming week is shaping up to be an even bigger week with around three times as many companies reporting their results to the market.
Some of the big name shares investors should watch this week include:
Monday
JB Hi-Fi Limited (ASX: JBH)
JB Hi-Fi shares are trading at all-time highs on the expectations of a takeover of The Good Guys and partially as a result of the benefits expected to flow-on from the demise of Dick Smith. Nevertheless, investors will want to see the electronics retailer meet or beat its stated guidance for FY16 sales to be around $3.9 billion and NPAT to be in the range of $143 million to $147 million.
Ansell Limited (ASX: ANN)
Ansell has disappointed investors over the past 18 months as the company has struggled with unfavourable currency movements and negative sales growth. The company has guided for a strong second half performance, however, and expects to report full year earnings per share (EPS) of US$0.95 to US$1.10.
Tuesday
BHP Billiton Limited (ASX: BHP)
As one of the most widely-held stocks on the ASX, BHP will be the major headline story on Tuesday and investors will hope for an upbeat outlook statement when the company reports. Investors will be keen to see how the underlying business is performing, although headline profits will be impacted by provisions taken for the Samarco disaster.
Domino's Pizza Enterprises Ltd. (ASX: DMP)
Considering its sky-high valuation, I think the market darling will have to post better-than-expected profit results to keep the market happy. Domino's upgraded its earnings guidance after a strong first half and expects full year NPAT growth of at least 35%.
Wednesday
CSL Limited (ASX: CSL)
CSL is not expected to deliver massive profit growth for FY16, with the company expecting profit growth of just 5% in constant currency terms. Despite this, the market will look for stronger guidance for FY17 on the back of new treatments and improvements to its manufacturing facilities.
QBE Insurance Group Ltd (ASX: QBE)
The insurance giant is once again expected to be negatively impacted by lower investment yields, although the performance of the underwriting division is expected be in-line with expectations. According to CommSec, earnings and dividends are expected to come in at US$285.5 million and US19.0¢, respectively.
Thursday
Sydney Airport Holdings Ltd (ASX: SYD)
Sydney Airport delivered strong passenger numbers throughout FY16 and this is expected to drive a strong increase in full year profits. Investors will also be keen to find out FY17 distribution guidance.
AMP Limited (ASX: AMP)
Considering its market-leading position, AMP has been a serial underperformer and investors will hope the wealth manager has made progress on fixing its life insurance business when it reports. CommSec expects the company to deliver second half earnings of $485 million and a dividend of 13.9 cents per share.
Friday
Woodside Petroleum Limited (ASX: WPL)
Australia's largest energy company has undoubtedly suffered from the downturn in oil prices, although it still remains comfortably profitable at current prices. Investors will look closely at the company's balance sheet, current cost of production, expected capital expenditure and production guidance for FY17.
Medibank Private Ltd (ASX: MPL)
The private health insurer delivered a very strong first half result, although this is not expected to be replicated in the second half. According to CommSec, investors should look for full year NPAT to come in at $406.3 million and a final dividend of 5.8 cents per share.
