The ASX earnings season is beginning to kick it up a notch. Today, some of the most renowned companies on the Australian share market are set to reveal their latest financial results.
Wondering which names are set to report? Here's a quick summary to prime you for success today.
ASX shares slated to report today
Ranked in order of market capitalisation (largest to smallest)
Commonwealth Bank of Australia (ASX: CBA), $184.5 billion
Fortescue Metals Group Ltd (ASX: FMG), $68.3 billion
Wesfarmers Ltd (ASX: WES), $55.2 billion
Cochlear Limited (ASX: COH), $13.8 billion
Treasury Wine Estates Ltd (ASX: TWE), $10.3 billion
Vicinity Centres (ASX: VCX), $9.1 billion
Seven Group Holdings Ltd (ASX: SVW), $8.5 billion
Pro Medicus Limited (ASX: PME), $6.8 billion
Fletcher Building Ltd (ASX: FBU), $3.6 billion
Netwealth Group Ltd (ASX: NWL), $3.2 billion
Corporate Travel Management Ltd (ASX: CTD), $2.5 billion
GUD Holdings Limited (ASX: GUD), $1.2 billion
Pact Group Holdings Ltd (ASX: PGH), $351.2 million
Redbubble Ltd (ASX: RBL), $130.5 million
To view the complete agenda for the reporting season, check out our calendar here.
What can we expect to see today?
Without a shadow of a doubt, CBA and Fortescue Metals will be two ASX shares attracting a large portion of the attention today. Both giants are releasing their first-half results to the market, and investors will be keen to gather some insights into the guidance for the future.
For CBA, it will be a question of whether the bank is anticipating further tailwinds from interest rate rises or not. Alternatively, the elevated rates could begin to act as a headwind due to increased bad debts. What it might look like over the next six to 12 months will be a critical data point for CBA shareholders today.
Heading into today, analysts were largely expecting cash profit of $5.2 billion and dividends per share (DPS) of $2.10 for Australia's largest bank. Though, Goldman Sachs has been more bullish — ascribing a DPS estimate of $2.12.
Turning to Wesfarmers, investors will be keen to get a sense of how the retail parts of this ASX share performed. As we've seen so far this season, retail companies have been hit and miss in terms of their financial performance.
Given Wesfarmers' size — encapsulating brands such as Bunnings, Kmart, Target, and Officeworks — the report should shed some light on the strength of the consumer. Bloomberg data estimates earnings could come in at around $1.2 billion for the first half.
Don't forget to check back in throughout the day to get the latest results coverage for these ASX shares.
