Earnings season is here and there certainly is a lot to look forward to this week.
Below is a quick preview of what to expect in week one:
On Tuesday Credit Corp Group Limited (ASX: CCP) is scheduled to release its full-year results. According to Bloomberg, the market is expecting the receivables management company to post net profit after tax of $63.7 million.
Integrated energy company Origin Energy Ltd (ASX: ORG) is also pencilled in for its quarterly update and Freelancer Ltd (ASX: FLN) is expected to report its first-half results.
Freelancer, the operator of the world's largest online services marketplace, is expected to continue operating at a loss. Bloomberg data shows that the market expects a $1 million loss in the first-half.
On Wednesday Bunnings landlord BWP Trust (ASX: BWP) is due to release its full-year results and Genworth Mortgage Insurance Australia (ASX: GMA) and Rio Tinto Limited (ASX: RIO) are scheduled to release their half-year results.
In respect to the latter, the market is expecting more clarity on the mining giant's plans for the funds raised from its recent non-core asset sales.
On Thursday sleep treatment specialist ResMed Inc (ASX: RMD) will release its second-quarter results. In the last quarter ResMed reported a 15% increase in quarterly revenue to US$591.6 million and 25% increase in quarterly net income.
With its shares up 48% since this time last year, expectations certainly are high for ResMed's second-quarter.
Though, it is worth noting that one broker isn't overly bullish on things. Analysts at Macquarie Group Ltd (ASX: MQG) have cast doubt on its growth after the US Office of Inspector General found that most claims for replacement positive airways pressure (PAP) devices were non-compliant. I'll be looking out for any commentary from management on this.
No results are due to be released on Friday.
