Next week earnings season will ramp up with the release of results from a number of popular ASX companies.
Here's a summary of what to expect from them:
Commonwealth Bank of Australia (ASX: CBA).
On Wednesday August 7 Australia's largest bank will report its full year earnings. According to a note out of Goldman Sachs, its analysts expect the bank to deliver FY 2019 cash earnings from continued operations (pre-one offs) of $8,566 million. This will be a decline of 3.9% on the prior corresponding period. And due to the divestment of its Colonial First State business, Goldman has forecast a final dividend of $2.31 per share and a special dividend of $1.00 per share.
Insurance Australia Group Ltd (ASX: IAG)
Analysts at Morgans believe this insurance giant could outperform the market's expectations when it releases its full year results on Thursday August 8. The broker expects Insurance Australia Group to post a net profit after tax of $951 million compared to the consensus estimate of $900 million.
REA Group Limited (ASX: REA)
This property listings company will release its highly anticipated full year results on Friday August 9. A number of analysts expect a subdued second half from REA Group due to the Federal election. So the main thing to look for with these results could be management's commentary regarding current conditions and its outlook for FY 2020.
Suncorp Group Ltd (ASX: SUN)
This insurance and banking giant is scheduled to release its full year results on Wednesday August 7. According to a note out of Morgans, it expects the company to deliver a profit result broadly in line with the market consensus of $1.1 billion. Though the broker warned that its sees "more downside than upside risks heading into this result" due to volatile weather and a difficult banking environment.
Transurban Group (ASX: TCL)
This toll road operator is also scheduled to release its full year result on Wednesday August 7. According to CommSec, the market is expecting Transurban to post a net profit after tax of $318 million and declare a final distribution of $0.29 per unit. Analysts at Morgans have forecast proportional EBITDA growth of 12% to ~$2 billion.
