Next week will be another busy one for the S&P/ASX 200 index, with earnings season set to go up a gear.
Whilst a large number of popular companies are scheduled to release their latest results, three that I'll be watching closely are summarised below:
Will Altium continue to impress?
The Altium Limited (ASX: ALU) share price hit an all-time high last week in anticipation of another blockbuster result. It is scheduled to release its half year result after the market close on Monday. Investors appear confident the design software company will have continued its positive form thanks to increasing demand for its Altium Designer software. I will be looking to see if the company is on track to achieve its full year revenue guidance of US$205 million to US$215 million and EBITDA margin guidance of 37% to 38%.
Are the good times back for Domino's?
The Domino's Pizza Enterprises Ltd (ASX: DMP) share price has been a strong performer over the last few months. This appears to have been driven by an ever-improving outlook thanks to strong momentum in Japan and improving execution in Europe. Goldman Sachs has tipped the pizza chain operator as a company that could surprise to the upside this month. It has pencilled in first half comparable store sales growth of 4.6%. This compares to consensus expectations of 3.3% growth. In addition to this, the broker expects to see margin expansion in both Japan and Europe as a result of its strong execution. Domino's releases its half year results on Wednesday.
How turbulent is it for Qantas right now?
On Thursday Qantas Airways Limited (ASX: QAN) is due to release its half year results. Earlier this month analysts at Goldman Sachs tipped Qantas as a company that could disappoint during earnings season. This is due largely to the impact of the bushfires and the Hong Kong protests on demand during the half. In addition to this, there are concerns that its outlook for the second half could be subdued due to the coronavirus outbreak in China. One positive is a recent pullback in oil prices. This may help cushion the blow somewhat.
