Earnings preview: Here are the ASX shares reporting on Thursday

Get the jump on today's financial news – discover which ASX shares are reporting and have your coffee while you're at it.

Mitchell Lawler

Mitchell stumbled upon the concept of investing when in high school, devotedly urging his parents to put some money into a handful of technology companies with increasingly popular products among his demographic – many of which have gone on to great success. It wouldn’t be until 2017, some five years later, that Mitchell became an investor of his own money. Having studied and worked as a mechanical engineer in the building services industry, Mitchell takes a methodical and analytical approach to evaluating businesses. Rather than relying purely on numbers, Mitchell drills beyond a company’s metaphorical mantle to unearth obscure patterns or competitive advantages that would go otherwise unnoticed. His expertise resides within areas such as software, consumer goods, and building services equipment. However, his quest to find quality companies that set the industry standard and flex some degree of an impenetrable position has no limits – small cap to mega cap, cosmetics to healthcare – if it’s an exceptional business it’s on his radar.

Published February 16, 2023 8:18 am AEDT

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.

A group of business people in a board room hear the latest company report. — Image source: Getty Images

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.

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