The final week of earnings season is going to be a busy one with a large number of popular companies scheduled to reveal how they performed in FY 2019.
Amongst the results being released, here are four to watch closely:
Afterpay Touch Group Ltd (ASX: APT)
On Wednesday this fast-growing payments company is scheduled to release its highly anticipated full year results. Two key focuses for investors will be customer numbers and total global merchant sales running through the Afterpay buy now pay later platform. According to a note out of Goldman Sachs, it is expecting Afterpay Touch to report total customers of 4,546,134. This comprises 2.75 million in the ANZ market, 1.75 million in the US market, and 46,000 in the UK market. From these customers the broker expects the company to have generated total global merchant sales of $5.05 billion over the 12 months. This is ultimately forecast to lead to group revenue of $255.8 million and group net transaction profit of $108.4 million.
Nanosonics Ltd (ASX: NAN)
On Tuesday this high-flying infection control specialist is due to release its full year results. Nanosonics was a very strong performer in the first half, so expectations certainly are high for this result. According to a note out of Morgans, it points out that its first half result was assisted by the favourable timing of costs, which is unlikely to be repeated in the second half. In light of this, it suspects that its EBITDA could be lower than some investors are expecting. The broker added that a potential pullback on the result "may present a buying opportunity."
Ramsay Health Care Limited (ASX: RHC)
On Friday this private hospital operator will release its full year results. Unlike Afterpay and Nanosonics, expectations are very low for Ramsay Health Care in FY 2019. So, all eyes will be on its guidance for FY 2020. Judging by its share price rise this year, some investors appear to believe that trading conditions are easing and next year will be much stronger. Ramsay is expected to post a net profit after tax of $540.27 million and declare a final dividend of 89.7 cents per share.
Wesfarmers Ltd (ASX: WES)
On Tuesday this conglomerate will be releasing its first full year results since the Coles Group Ltd (ASX: COL) demerger. With Coles no longer part of its portfolio, all eyes will be on its key Home Improvement division. According to a note out of Goldman Sachs, it expects the division to achieve 4% same store sales growth, $13.2 billion of revenue, and a 6.3% lift in segment EBIT to $1,598 million. This is expected to lead to group underlying revenue of $28 billion and EBIT of $2,841 million in FY 2019.
