We are almost at the official end of the August earnings season. However, today is slated to be massive, with some of the most popular names on the ASX releasing their results.
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)
Appen Ltd (ASX: APX), $514.8 million
Zip Co Ltd (ASX: ZIP), $667.3 million
Nine Entertainment Co Holdings Ltd (ASX: NEC), $3.41 billion
Eagers Automotive Ltd (ASX: APE), $3.42 billion
Flight Centre Travel Group Ltd (ASX: FLT), $3.47 billion
Whitehaven Coal Ltd (ASX: WHC), $7.55 billion
Qantas Airways Limited (ASX: QAN), $8.56 billion
Allkem Ltd (ASX: AKE), $8.85 billion
South32 Ltd (ASX: S32), $19.58 billion
Woolworths Group Ltd (ASX: WOW), $45.4 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
Will it be a day of redemption or damnation for ASX tech share, Appen? Earlier this month, a time some refer to as confession season, Appen informed shareholders of further weakening in its expectations for the first half.
Furthermore, management guided for a grim US$9.5 million after tax loss, cratering from a US$6.7 million profit in the prior corresponding period. The important questions for shareholders will be: is the pain set to continue, and for how long?
On a more positive note, ASX lithium share Allkem is set to release its full-year results for FY22 today. Keen commodity investors will be hopeful of an impressive bottom-line number after seeing what Pilbara Minerals Ltd (ASX: PLS) produced for FY22. According to Citi analysts, Allkem is expected to post a net profit after tax (NPAT) of $311 million.
Finally, the elephant in the room — buy now, pay later provider Zip. This high-flying ASX share has more than doubled from where it was at the beginning of July. So, will it deliver on the high hopes of investors today? My colleague, Cathryn Goh, put together a list of items she will be looking at in the company's FY22 results today — unit economics is one of them.
Don't forget to check back in throughout the day to see all the latest results from your favourite ASX shares.
