Earnings preview: Here are the ASX shares reporting on Tuesday

Know what is on the agenda today in less time than it takes to drink a morning brew.

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 21, 2023 9:00 am AEDT

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.

Two men and a woman sitting in a subway train side by side, reading newspapers. — Image source: Getty Images

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.

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