It is the last day of the busiest week in the August earnings season. Thankfully, you can ease into the weekend with far fewer ASX shares set to report their results today.
However, there are still a handful of big names that you might want to check out. Here's a quick summary of what to expect today so you have a jump on the market.
Image source: Getty Images
ASX shares set to report today (smallest to largest)
Immutep Ltd (ASX: IMM), $264.2 million
Infomedia Limited (ASX: IFM), $539.2 million
Mayne Pharma Group Ltd (ASX: MYX), $574.1 million
Integral Diagnostics Ltd (ASX: IDX), $720.4 million
Costa Group Holdings Ltd (ASX: CGC), $1.27 billion
Polynovo Ltd (ASX: PNV), $1.33 billion
Nextdc Ltd (ASX: NXT), $5.09 billion
Ramsay Health Care Limited (ASX: RHC), $16.69 billion
Wesfarmers Ltd (ASX: WES), $54.02 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
As there are few big names reporting today, Wesfarmers' full-years results will probably turn the most heads. Investors will be hoping to see the conglomerate's retail portfolio ward off margin crippling side effects of inflation in its latest results.
In anticipation of Wesfarmers' financials, analysts at Citi have forecast a net profit after tax (NPAT) of $2,237 million. This would represent a 6% decrease from the company's FY21 result of $2,380 million. However, that hasn't prevented Morgans from assigning a $58.40 price target to this ASX 200 share.
One other ASX-listed blue chip releasing its results today is Ramsay Health Care. The private hospital owner and operator is expected to report net profits in the ballpark of $321 million.
Furthermore, the company is still wrangling with its Ramsay Santé operations to provide due diligence for the active KKR consortium takeover proposal.
Finally, keeping with the healthcare theme, Polynovo will be an interesting name to watch today. The medical device developer has been known for its high short interest.
However, analysts are expecting the company to report a $200,000 profit. This might sound dismal, but it would represent a substantial improvement from the $4.6 million loss in FY21.
Don't forget to check back in throughout the day to see all the latest results from your favourite ASX shares.
