The Motley Fool

Next week is a huge one for the ASX 200 as earnings season ramps up

Next week earnings season will move up a gear with the release of a large number of results from many of Australia’s biggest companies.

Here’s a quick guide for the week ahead and what to expect:

Monday.

On Monday personal care products company Ansell Limited (ASX: ANN), regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN), and retailer JB Hi-Fi Limited (ASX: JBH) are all scheduled to release their respective results.

What to look for.

A large number of brokers are bearish on Bendigo and Adelaide Bank due to the negative impact of lower interest rates on its profits. It is widely expected to report a very weak full year result. And investors will be looking for signs that tax cuts and an improving housing market have boosted JB Hi-Fi’s sales over the last few months.

Tuesday.

On Tuesday struggling annuities company Challenger Ltd (ASX: CGF) and high-flying fund manager Magellan Financial Group Ltd (ASX: MFG) are due to hand in their results.

What to look for.

Magellan’s shares have more than doubled since the start of the year thanks to its strong FUMs growth. This means that expectations are very high for this result.

Wednesday.

Wednesday will see the release of results from global biotech giant CSL Limited (ASX: CSL), struggling administration services company Computershare Limited (ASX: CPU), and New Zealand casino operator SKYCITY Entertainment Group Limited (ASX: SKC).

What to look for.

According to a note out of Morgan Stanley, it expects CSL to deliver revenue growth of 9% and net profit growth of 11% in FY 2019. It is expected to have benefited from strong immunoglobulins demand in FY 2019.

Thursday.

Thursday looks set to be the busiest day of earnings season so far with results from a good number of blue chips. These include stock exchange operator ASX Ltd (ASX: ASX), insurance giant QBE Insurance Group Ltd (ASX: QBE), airport operator Sydney Airport Holdings Pty Ltd (ASX: SYD), telco giant Telstra Corporation Ltd (ASX: TLS), and global wine company Treasury Wine Estates Ltd (ASX: TWE).

What to look for.

Telstra is widely expected to cut its final dividend down to 8 cents per share. It could also announce potential asset sales and update the market on its T22 strategy. Treasury Wine Estates recently reaffirmed its full year guidance, so all eyes will be on its FY 2020 outlook. A number of brokers believe it will fall short of its growth targets next year.

Friday.

It will be another busy day on Friday with results scheduled to be released from the likes of Cochlear Limited (ASX: COH), Domain Holdings Australia Ltd (ASX: DHG), Jumbo Interactive Ltd (ASX: JIN), and Newcrest Mining Limited (ASX: NCM).

What to look for.

A strong result is expected from Jumbo Interactive after the lottery ticket seller released a stellar first half result and experienced a series of large jackpots during the second half. Newcrest looks set to release a bumper profit result after the gold price surged higher in 2019, so shareholders will no doubt be hoping that it rewards them with a special dividend.

And finally, here are five buy-rated shares which have been tipped for a strong earnings season and FY 2020.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd., CSL Ltd., and Jumbo Interactive Limited. The Motley Fool Australia owns shares of and has recommended Sydney Airport Holdings Limited, Telstra Limited, and Treasury Wine Estates Limited. The Motley Fool Australia has recommended Ansell Ltd., Cochlear Ltd., Computershare, Jumbo Interactive Limited, and Sky City Entertainment Group Ltd. 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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