Earnings preview: Here are the ASX shares reporting today

Wondering which ASX companies are releasing results on Wednesday?

Mitchell Lawler

Mitchell stumbled upon the concept of investing when in high school, devotedly urging his parents to put some money into a handful of technology companies with increasingly popular products among his demographic – many of which have gone on to great success. It wouldn’t be until 2017, some five years later, that Mitchell became an investor of his own money. Having studied and worked as a mechanical engineer in the building services industry, Mitchell takes a methodical and analytical approach to evaluating businesses. Rather than relying purely on numbers, Mitchell drills beyond a company’s metaphorical mantle to unearth obscure patterns or competitive advantages that would go otherwise unnoticed. His expertise resides within areas such as software, consumer goods, and building services equipment. However, his quest to find quality companies that set the industry standard and flex some degree of an impenetrable position has no limits – small cap to mega cap, cosmetics to healthcare – if it’s an exceptional business it’s on his radar.

Published August 24, 2022 7:59 am AEST

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.

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