The gun analysts at Goldman Sachs have been getting ready for the profit reporting season by tipping different shares they expect to beat or miss analyst expectations this August.
According to a July 29 note out of its research desk stocks tipped as potential disappointments include Treasury Wine Estates Ltd (ASX: TWE), Bendigo & Adelaide Bank Ltd (ASX: BEN), and Bega Cheese Ltd (ASX: BGA).
On the bright side though if the analysts at Goldman's are on the money the Hub24 Ltd (ASX: HUB) share price could soar this August.
Goldman's writes: " We believe the market is focused on HUB's poor track record of meeting earnings expectations and the expected 2H skew to its earnings (given it is growing FUA on a HoH basis). However, volumes reported last week were ahead of GSe (closing FY19 FUA of A$12,870mn vs GSe of A$12,403mn)."
On July 16 Hub revealed it had posted net quarterly inflows of $979 million on gross inflows of $1.5 billion for the quarter ending June 30, 2019. The inflows were up 32.4% on the prior corresponding period.
Hub24 shares are changing hands for $12.26 this afternoon which suggests nearly 25% upside over the next 12 months if it hits Goldman's $15 share price target is on the money.
