The February earnings season can often bring some big moves from S&P/ASX 200 (INDEXASX: XJO) shares. When a company releases its results, it is one of the few opportunities for investors to get a snapshot of the company’s financial health.
Management’s outlook for the year ahead can also set expectations for the full year results in 6 months’ time.
With that in mind, here’s a closer look at 4 ASX 200 shares are up 25% or more this month after reporting results.
Breville Group Ltd (ASX: BRG)
The Breville share price has rocketed 28.33% higher so far this month. It’s no surprise that a strong earnings result was the big factor in the move.
Breville shares rocketed to a new all-time high after reporting a $67.4 million net profit on total revenue of $760 million.
The Aussie kitchenware maker has been one of the strongest performing ASX 200 shares in recent times. With a strong outlook ahead for FY 2020, I wouldn’t bet against Breville going higher this year.
Pinnacle Investment Management Group Ltd (ASX: PNI)
Pinnacle shares jumped in early February after a solid half-year result. The investment manager’s profit surged 36.6% to $13.8 million with a 6.6 cents per share interim dividend.
Pinnacle now boasts funds under management of $61.6 billion, an increase of 13% on the prior corresponding period.
The ASX 200 investment group’s shares are now up 25.26% this month and could be on the move in 2020.
IDP Education Ltd (ASX: IEL)
The IDP Education share price has surged 25.21% higher in February including a surge of 28% on February 12.
A strong half-year result was headlined by a 20% increase in revenue and 53% jump in earnings before interest, tax, depreciation and amortisation. The group reported a 42% increase in earnings per share to 23.4 cents.
Maybe the biggest factor, however, was a 37% increase in the ASX 200 education group’s dividend to 16.5 cents per share.
Avita Medical Ltd (ASX: AVH)
The Avita Medical share price will open at a 52-week high of $0.85 per share after a 25% gain in February.
Avita Medical is continuing to push into the lucrative US medical technology sector. With a strong balance and big potential upside from its RECELL technology, Avita Medical shares could be going higher this year.
These 3 stocks could be the next big movers in 2020
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Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of Avita Medical Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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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