Plenty of action is in store for us on Tuesday as a number of popular ASX shares hand down their latest results.
It should be an insightful day for investors thanks to the breadth of companies set to report. The agenda includes companies spanning mining, retailing, tech, real estate, and more — providing a solid cross-section of Australian corporations.
Before your day begins, here is a quick summary to get you up to speed.
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These ASX shares are pulling back the curtain today
Ranked in order of market capitalisation (largest to smallest)
BHP Group Ltd (ASX: BHP), $245.5 billion
Coles Group Ltd (ASX: COL), $24.5 billion
Stockland Corporation Ltd (ASX: SGP), $9.3 billion
Seek Ltd (ASX: SEK), $8.6 billion
Alumina Limited (ASX: AWC), $4.4 billion
ARB Corporation Limited (ASX: ARB), $2.6 billion
Tabcorp Holdings Limited (ASX: TAH), $2.3 billion
Hub24 Ltd (ASX: HUB), $2.2 billion
Ingenia Communities Group (ASX: INA), $1.9 billion
Monadelphous Group Ltd (ASX: MND), $1.3 billion
Macquarie Telecom Group Ltd (ASX: MAQ), $1.2 billion
G8 Education Ltd (ASX: GEM), $1.1 billion
Monash IVF Group Ltd (ASX: MVF), $418.9 million
HT&E Ltd (ASX: HT1), $379.0 million
AMA Group Ltd (ASX: AMA), $230.9 million
See our complete calendar of the ASX reporting season here.
What can we expect to see?
One household name that investors will be paying some attention to today is supermarket operator Coles Group.
A month ago, news hit the headlines of inflation adding some sting to the prices of food and groceries. Analysts from UBS noted that Woolworths Group Ltd (ASX: WOW) had produced larger price increases than its major competitor.
Furthermore, UBS suggested the lower increases from Coles were a strategic move to take more market share. Today, shareholders will be wanting to see whether the strategy paid off and what it meant for margins.
Heading into today, the consensus estimate for Coles' net profit after tax (NPAT) was $582 million. This would represent a year-on-year increase of 6% if achieved.
An even larger ASX share is set to report its half-year results on Tuesday. Australia's BHP Group could report net profits of US$8.7 billion today. While the number might sound impressive, it would actually represent an 8% decline from the prior corresponding period.
Unfortunately, both iron ore and copper prices were significantly lower during the second half of 2022. The extent to which this impacted BHP's revenue and profits will be squarely in focus today.
According to Bloomberg, the Aussie miner could announce a dividend of 90 cents per share.
Don't forget to check back in throughout the day for our earnings coverage.
