It's hump day, and we are right in the thick of it now with earnings season. Strap yourself in, because the torrential downpour of results from ASX shares is about to sweep through.
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)
Rural Funds Group (ASX: RFF), $992.1 million
Netwealth Group Ltd (ASX: NWL), $3.19 billion
Iluka Resources Limited (ASX: ILU), $4.01 billion
Domino's Pizza Enterprises Ltd (ASX: DMP), $5.81 billion
Seven Group Holdings Ltd (ASX: SVW), $6.43 billion
Lottery Corporation Ltd (ASX: TLC), $9.88 billion
APA Group (ASX: APA), $13.62 billion
Sonic Healthcare Limited (ASX: SHL), $15.93 billion
WiseTech Global Ltd (ASX: WTC), $17.30 billion
Coles Group Ltd (ASX: COL), $24.99 billion
(Market capitalisations as of 22 August 2022)
To see the complete list of ASX shares, visit our reporting season calendar here.
What to expect
Starting at the big end of town, Woolworths is expected to release its full-year results for FY22 today. Onlookers will likely be keeping a watchful eye on this ASX share to see if it has been able to pass on inflationary costs to the customer.
Analysts over at Citi are expecting $1,502 million in net profit after tax (NPAT) from Woolworths today. Furthermore, both Bell Potter and Citi currently have a buy rating on the supermarket giant.
Moving along, one ASX tech share that has managed to avoid the worst of the tech wreck is set to full-year accounts on Wednesday. According to analysts' consensus, cloud-based logistics software provider WiseTech is expected to report $175.7 million on the bottom line.
On 15 July, WiseTech dazzled the market with its upgraded FY22 guidance. By the company's own estimates, revenue will be between $600 million and $635 million.
Lastly, the Lottery Corporation will give the market its first taste of full-year results as a standalone ASX share.
