Welcome to Tuesday! We are starting to move toward the pointy end of earnings season. While today won't see as many ASX shares reporting as what Wednesday and Thursday will, there will still be plenty of company reports to sink your teeth into.
Here's a quick summary of what to expect today so you have a jump on the market.
ASX shares set to report today (smallest to largest)
Kogan.com Ltd (ASX: KGN), $406 million
Estia Health Ltd (ASX: EHE), $523 million
Hub24 Ltd (ASX: HUB), $2.00 billion
ARB Corporation (ASX: ARB), $2.60 billion
Breville Group Ltd (ASX: BRG), $3.06 billion
Boral Ltd (ASX: BLD), $3.19 billion
Ansell Limited (ASX: ANN), $3.20 billion
Alumina Ltd (ASX: AWC), $4.37 billion
Pilbara Minerals Ltd (ASX: PLS), $9.44 billion
Scentre Group (ASX: SCG), $14.43 billion
Endeavour Group (ASX: EDV), $14.81 billion
(Market capitalisations as of 22 August 2022)
To see the complete list, visit our reporting season calendar here.
What to expect
The smallest ASX share of the bunch, Kogan will no doubt be drawing attention today. Shares in the e-commerce company popped 50% after releasing a business update on 28 July. However, can the embattled retailer live up to the hype with its full-year accounts?
Another ASX share that has had a challenging time this year is the ARB Corporation. Since the beginning of the year, shares in the 4×4 accessories manufacturer have tumbled nearly 42%. Yet, Citi analysts are expecting a net profit after tax (NPAT) of $127.1 million from the company today. This would represent a 12.6% increase year on year.
Shifting gears, a popular ASX lithium share will be pulling back the curtains on its earnings today. The Pilbara Minerals share price has been on a tear recently, rallying 25% over the past month. Despite the run, Macquarie believes another 80% upside could still be on the table.
Finally, at the big end of town, Endeavour Group is expected to report in the ballpark of $489 million in earnings. Based on this estimate, the drinks and hospitality business could see a 9.9% jump in profits compared to the prior year.
Don't forget to check back in throughout the day to see all the latest results from your favourite ASX shares.
