5 company reports you don’t want to miss

It’s important to stay on top of the deluge of information.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

February is such a busy time with so many companies reporting their earnings results that it’s easy to get swamped and miss opportunities. Wednesday was such a day with an enormous number of results to get. Here are five results which could potentially lead to some interesting investment opportunities.

1)      Data#3 Ltd’s (ASX: DTL) shares sank 5% and touched a new 52-week low after the company reported a 62% fall in profits to $2.6 million and a 56.5% cut in the dividend to 1.5 cents per share. While the results and outlook were far from rosy, with the share price at not just a year low but a multi-year low, it could entice value investors.

 2)      Bega Cheese Ltd’s (ASX: BGA) shares rallied 3.9% and touched a new 52-week high after the company reported an 18% increase in profits to $18.7 million and stated that it expected to experience continued growth in earnings in the second half.

 3)      Fortescue Metals Group Limited (ASX: FMG) saw its shares fall 2.3% to $5.84 despite reporting a 260% increase in profits to US$1.7 billion on the back of a record revenue of US$5.9 billion. A slide in the results presentation highlights management’s view that Fortescue offers compelling value. For investors who agree with this analysis, the weakness in the share price could certainly be an opportunity.

4)      Suncorp Group Ltd’s (ASX: SUN) shares fell 2.8% after the group reported a ‘business line’ profit which was 4% below the prior corresponding period and significantly below consensus. The market was obviously unenthusiastic about the results which came in below expectations, however the company’s outlook for the remainder of 2014 perhaps went some way towards boosting confidence in the stock.

 5)      Reject Shop Ltd (ASX: TRS) had already lowered the market’s expectations after the discount retailer released a trading update on 24 January. With the stock trading close to its 52-week low and down 36% for the year, the market was probably relieved to see the company come in at the top end of its revised guidance.

Foolish takeaway

Reporting season can sometimes lead to a ‘shoot first, ask questions later’ mentality. From time to time this will offer up good companies at compelling prices which is why it’s important for investors to stay on top of the deluge of information and share price movements which occur during these periods.

Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »