It will be another busy day of the February ASX earnings season today. Many ASX shares from various sectors are ready to bare all in their latest half-yearly reports.
Will their shareholders be impressed or distressed?
Here's a summary of which companies are releasing results to get you prepared for the day ahead.
ASX shares lined up to report today
Ranked in order of market capitalisation (largest to smallest)
National Australia Bank Ltd (ASX: NAB), $95.2 billion
Telstra Ltd (ASX: TLS), $47.8 billion
Goodman Group (ASX: GMG), $37.3 billion
Newcrest Mining Ltd (ASX: NCM), $21.7 billion
South32 Ltd (ASX: S32), $21.1 billion
Sonic Healthcare Limited (ASX: SHL), $14.0 billion
ASX Ltd (ASX: ASX), $13.6 billion
Origin Energy Ltd (ASX: ORG), $12.3 billion
Whitehaven Coal Ltd (ASX: WHC), $7.3 billion
Incitec Pivot Ltd (ASX: IPL), $6.8 billion
Evolution Mining Ltd (ASX: EVN), $5.6 billion
AMP Ltd (ASX: AMP), $4.0 billion
Super Retail Group Ltd (ASX: SUL), $2.7 billion
Abacus Property Group (ASX: ABP), $2.6 billion
Charter Hall Retail REIT (ASX: CQR), $2.4 billion
Bapcor Ltd (ASX: BAP), $2.1 billion
Domain Holdings Australia Ltd (ASX: DHG), $1.9 billion
Magellan Financial Group Ltd (ASX: MFG), $1.7 billion
Hotel Property Investments Ltd (ASX: HPI), $699.5 million
Beacon Lighting Group Ltd (ASX: BLX), $453.3 million
Southern Cross Media Group Ltd (ASX: SXL), $270.0 million
To view the complete agenda for the reporting season, check out our calendar here.
What can we expect to see?
There's a good chance NAB's half-year results will draw a crowd today following the severe reaction to the earnings of the Commonwealth Bank of Australia (ASX: CBA) yesterday. The NAB share price fell 4.1% in tandem with the other major banks, but will it deliver a pleasant surprise today?
Investors will be looking for strength in the bank's net interest margin and a positive outlook on the containment of bad debts. Additionally, a decent bump up in dividends wouldn't go astray after CBA increased its interim payment by 20%.
Another ASX share that will be under interrogation today is Australian fund manager Magellan Financial Group. The company's share price has been slaughtered since February 2020, falling 85% as funds flew out the door.
Today, onlookers will be hoping for some further affirmation that things are beginning to turn around. In January, funds under management improved — but that was due to the value of the assets rising, rather than additional inflows.
According to Bloomberg estimates, Magellan could report $105.7 million in net profit after tax (NPAT) today. If this were to be the case, it would represent a 58% decrease from the prior corresponding period.
