The end of the week is drawing near, and with it comes a massive day for ASX shares and their earnings.
Some of the largest companies across healthcare, industrials, and utilities are reporting their latest figures. Which will be showered with praise and which will be wallowing in disappointment?
Here are the details to get your day started on the right foot.
These ASX shares are posting results today
Ranked in order of market capitalisation (largest to smallest)
Ramsay Health Care Ltd (ASX: RHC), $15.1 billion
APA Group (ASX: APA), $12.6 billion
Qantas Airways Limited (ASX: QAN), $11.8 billion
Auckland International Airport Limited (ASX: AIA), $11.4 billion
Atlas Arteria Group (ASX: ALX), $9.6 billion
IDP Education Ltd (ASX: IEL), $8.5 billion
Medibank Private Ltd (ASX: MPL), $8.5 billion
Cleanaway Waste Management Ltd (ASX: CWY), $5.9 billion
Qube Holdings Ltd (ASX: QUB), $5.3 billion
Nine Entertainment Co Holdings Ltd (ASX: NEC), $3.5 billion
Eagers Automotive Ltd (ASX: APE), $3.1 billion
Perpetual Limited (ASX: PPT), $3.0 billion
Insignia Financial Ltd (ASX: IFL), $2.3 billion
Blackmores Ltd (ASX: BKL), $1.7 billion
HMC Capital Ltd (ASX: HMC), $1.4 billion
Nanosonics Ltd (ASX: NAN), $1.4 billion
Star Entertainment Group Ltd (ASX: SGR), $1.4 billion
Smartgroup Corporation Ltd (ASX: SIQ), $760.6 million
Australian Clinical Labs Ltd (ASX: ACL), $686.2 million
Pepper Money Ltd (ASX: PPM), $668.3 million
Zip Co Ltd (ASX: ZIP), $432.4 million
Reject Shop Ltd (ASX: TRS), $151.8 million
Airtasker Ltd (ASX: ART), $125.9 million
Maggie Beer Holdings Ltd (ASX: MBH), $68.7 million
What can we expect to see?
The 'Flying Kangaroo' is one ASX share investors will be picking apart today amid its half-year results. A booming period for travel has helped Qantas bounce back from the difficult pandemic lows, but just how good of a result can Alan Joyce and the team deliver today?
In its November update, the company guided underlying profit before tax of between $1.35 billion and $1.45 billion. Since then, the price of oil has traded lower at times (pictured above), which could further improve the bottom line.
Analysts at Morgans are also expecting the airline operator to announce a $400 million share buyback program.
Shifting gears to an ASX share that is still navigating its path to profitability, buy now pay later provider Zip. The company released its second-quarter updater in late January, which shed ample light on transaction volume and revenue.
Unless there were any major changes in auditing, Zip should post $351.2 million in revenue for the first half, up 16.2% year on year. What shareholders are still in the dark on is how much has Zip been able to narrow its losses and does it still have sufficient liquidity available in the meantime.
The Zip share price is down nearly 76% over the past 12 months. In contrast, the S&P/ASX 200 Index (ASX: XJO) has held steady with a 1.5% gain over the same period.
Don't forget to check back in throughout the day for our earnings coverage.
