Earnings season week two preview

Week two of earnings season will see the release of results from the likes of AMP Limited (ASX:AMP), Commonwealth Bank of Australia (ASX:CBA), and Suncorp Group Ltd (ASX:SUN)…

a woman

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

Last week earnings season kicked off with results from the likes of ResMed Inc. (ASX: RMD) and Rio Tinto Limited (ASX: RIO).

It is expected to move up a gear this week with a wide range of results scheduled for release. Here is what to expect from week two of earnings season:

Tuesday.

Things kick off again on Tuesday with results from honey producer Capilano Honey Ltd (ASX: CZZ), education services provider Navitas Limited (ASX: NVT), accounting software company Reckon Limited (ASX: RKN), and toll road giant Transurban Group (ASX: TCL).

In respect to the latter, Transurban is expected to report net profit after tax of $456.14 million according to the Bloomberg consensus estimate.

Wednesday.

On Wednesday the results of embattled financial services company AMP Limited (ASX: AMP), banking giant Commonwealth Bank of Australia (ASX: CBA), and sports betting and lotteries company Tabcorp Holdings Limited (ASX: TAH) are scheduled to be released.

According to a note out of Goldman Sachs, the broker has forecast Commonwealth Bank to deliver a cash profit down 5.9% on the prior corresponding period to $9,089 million. Goldman has forecast a final dividend of $2.30 per share versus the Bloomberg consensus estimate of $2.25 per share.

Thursday.

On Thursday energy company AGL Energy Ltd (ASX: AGL), casino and resorts operator Crown Resorts Ltd (ASX: CWN), investment company Magellan Financial Group Ltd (ASX: MFG), and insurance giant Suncorp Group Ltd (ASX: SUN) are pencilled in to release their results.

The four companies are expected to report profits of $1,310 million, $408 million, $209.8 million, and $990.6 million, respectively.

Friday.

Week two finishes with results from retail park-focused property group Aventus Retail Property Fund (ASX: AVN), baby products retailer Baby Bunting Group Ltd (ASX: BBN), and real estate investment trust Charter Hall Long WALE REIT (ASX: CLW).

While the market is expecting a weak result from Baby Bunting due to the negative impact of clearance sales from closing competitors, a lot of focus will be on how FY 2019 has started and management's outlook.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Crown Resorts Limited and Transurban Group. The Motley Fool Australia owns shares of Capilano Honey Limited. The Motley Fool Australia has recommended AVENTUS RE UNIT 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.

More on Share Market News

Stock market chart in green with a rising arrow symbolising a rising share price.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a massive day for the ASX 200, with a new all-time high recorded.

Read more »

A man sits thoughtfully on the couch with a laptop on his lap.
Technology Shares

This ASX tech stock rocketed 60% in March! Can it keep on delivering?

After soaring in March, the ASX tech stock is now up 169% since this time last year.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man clasps his hand to his head with his eyes closed and a pained expression on his face as he clasps a laptop computer in front of him, seemingly learning of bad news or a poor investment.
Share Fallers

Why Burgundy Diamond Mines, Clarity Pharmaceuticals, EML, and Zip are sinking today

These ASX shares are ending the week in the red. But why?

Read more »

A young women pumps her fists in excitement after seeing some good news on her laptop.
Share Gainers

Why Mesoblast, Newmont, Pilbara Minerals, and Platinum shares are jumping

These ASX shares are ending the week strongly. But why?

Read more »

a young boy dressed up in a business suit and tie has a cute grin and holds two fingers up.
Opinions

2 of my top ASX 200 shares to consider buying before April

I would happily exchange dollars for these two shares right now.

Read more »

Father in the ocean with his daughters, symbolising passive income.
Dividend Investing

I'd spend $8k on these ASX 200 shares today to target a $6,102 annual passive income

I believe these ASX 200 shares will continue rewarding passive income investors for years to come.

Read more »

Three businesspeople leap high with the CBD in the background.
Share Market News

Boom! ASX 200 blasts to new record highs

ASX 200 investors just sent the benchmark index into uncharted territory.

Read more »