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:
- Transurban reported earnings before interest, tax, depreciation, and amortisation (EBITDA) of around $1.81 billion – down 3.3% on FY20
- Approximately $2.26 billion revenue – down 0.3% year-on-year
- Free cash decreased 13.5% to around $1.27 billion
- Dividends totalling 31.5 cents over FY21, including a 21.5 cent final dividend
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).
