2 earnings season results you won’t want to have missed

Bellamy’s Australia Ltd (ASX:BAL) and Webjet Limited (ASX:WEB) stole the headlines last week, but these two companies also delivered solid results that sent their share prices higher.

| More on:

Credit: niconico0

Last week was a big week for Australian investors with a number of companies such as Bellamy’s Australia Ltd (ASX: BAL), Domino’s Pizza Enterprises Ltd. (ASX: DMP), and Webjet Limited (ASX: WEB) deservedly stealing the headlines after delivering bumper profit growth.

Although they went largely unnoticed, the following two shares also pleased their respective shareholders last week by reporting solid results of their own. Here they are:

Automotive Holdings Group Ltd (ASX: AHG)

Automotive Holdings Group’s share price has risen over 6% since it reported record revenue of $5.6 billion, up 7.2% year on year. Although the bottom line performance was not as strong, the company still posted a 3.2% rise in operating profit after tax of $97.2 million, equating to full year earnings per share of 31.7 cents.

Its Automotive Retail division was the standout performer for the year, with revenue rising 10.6% to $4.7 billion and operating EBITDA jumping 10.4% to $177.9 million. Unfortunately its Refrigerated Logistics and Other Logistics divisions didn’t follow suit, each posting steep declines in revenue and EBITDA.

Although the results were a reasonably mixed bag, investors appear pleased with the company’s plan to raise $90 million via a fully underwritten placement. Management advised that the raised funds will be used to acquire Audi Newcastle, reduce its debt and strengthen its balance sheet.

Beacon Lighting Group Ltd (ASX: BLX)

In May the Beacon Lighting share price dropped over 20% following the release of a disappointing trading update to the market. The update revealed that weak consumer confidence and competitive pressures meant the company expected full year EBITDA to come in between the range of $28.2 million and $29.2 million, compared with $27.4 million for the corresponding period in FY 2015.

Last week the company delivered on the top end of its guidance with EBITDA coming in 6.5% higher on last year at $29.2 million. This sent its share price up by almost 11%. Although this is still a disappointing performance considering EBITDA grew 21% in the first half, investors appear confident that FY 2017 is going to be an improvement. Management revealed that it expects its current growth strategies to drive improved sales and profits next year.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

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

The share price of ASX infant products retailer Baby Bunting Group Ltd (ASX:BBN) has been a solid performer so far …

Read more »

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

3 ASX ETFs that invest in companies fighting climate change

A new landmark report by the Intergovernmental Panel on Climate Change (IPCC) was released earlier this week. It provided a …

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 Limited (ASX: AMS) share price has been on a tear this past week, rising 15% on the back …

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)?

Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) had a breakout year in 2020, moving from relative obscurity …

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

Shares in ASX healthcare company Polynovo Limited (ASX: PNV) almost doubled in price last year. And, despite a shaky start …

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

Investing in other geographic markets has become a popular way to diversify a portfolio. The risks associated with being exposed …

Read more »

person reading news on mobile phone
⏸️ Investing

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

Despite the News Corporation (ASX: NWS) share price getting a 31% bump between November last year and today, News Corp …

Read more »