The ASX reporting wrap-up: Suncorp, Transurban, ELMO

Just what the investor ordered. Here’s a recap of the companies that reported today…

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Monday has drawn to a close… The week has only begun, and the ASX share market is already alive with companies reporting their earnings. Markets reacted quite differently between three big-name ASX shares that released their results today.

We’ll quickly unwrap the results and then wrap it back up for tomorrow:

Those that delivered today

Suncorp Group Ltd (ASX: SUN)

Shares in the Queensland-based financial services company climbed 7.84% to $12.79. This followed the release of the company’s FY21 results, which revealed a solid performance.

The takeaway points:

  • Revenue down 4% to $14,187 million
  • Cash earnings up 42.1% to $1,064 million (vs Goldman Sachs estimate of $1,005 million)
  • Net profit after tax up 13.1% to $1,033 million
  • Final dividend of 40 cents per share and special dividend of 8 cents per share
  • $250 million on-market share buyback

Transurban Group (ASX: TCL)

Shares in ASX-listed Transurban didn’t fare as well, slipping 1.96% to $14.03. Controversy regarding the company’s West Gate tunnel project appears to have weighed on investor sentiment. In addition to this, the company’s financials were down across the board.

The takeaway points:

ELMO Software Ltd (ASX: ELO)

Lastly, from bad to worse, the ELMO Software share price took a thumping after releasing its FY21 results. Shares in the cloud-based HR platform provider sank 7.62% to $4.97.

The takeaway points:

  • Annualised recurring revenue (ARR) of $83.8 million, up 52.1% on FY2020 figures. Organic growth of 26.0% in mid-market and small business operations, as well as recent acquisitions, helped deliver this result.
  • Full-year revenue climbed to $69.1 million, up 37.9% on FY2020 figures.
  • Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $0.4 million compared to a $2.9 million loss in FY2020.
  • Gross profit of $59.9 million compared to $42.8 million in FY2020.

ASX shares reporting tomorrow

Tuesday is set for another handful of results to be reported by ASX-listed companies. These include Challenger Ltd (ASX: CGF), James Hardie Industries PLC (ASX: JHX), and Megaport Ltd (ASX: MP1).

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended Elmo Software and MEGAPORT FPO. The Motley Fool Australia owns shares of and has recommended Challenger Limited and Elmo Software. The Motley Fool Australia has recommended MEGAPORT FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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