Earnings preview: Here are the ASX shares reporting on Wednesday

Find out which ASX shares are about to drop their freshest figures while you grab your morning coffee.

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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.

Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank Of Australia and Pro Medicus. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear, Netwealth Group, Pro Medicus, and Redbubble. The Motley Fool Australia has positions in and has recommended Netwealth Group, Pro Medicus, and Wesfarmers. The Motley Fool Australia has recommended Cochlear, Corporate Travel Management, and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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