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:
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.
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.
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.
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.
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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.
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