Earnings season week one preview

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.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BWP Trust, Freelancer Limited, and ResMed Inc. 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 Scott Phillips.

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