Earnings preview: Here are the ASX shares reporting on Tuesday

Are you ready for another day of reporting season? This is a good place to start.

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 28, 2023 9:02 am AEDT

There are still a few more reports to trickle in as the reporting season begins to slow down. Will today's ASX shares be able to deliver on their shareholders' hopes though?

Here's a quick, no-rubbish read to get you up to speed on Tuesday.

A woman sitting in her lounge room punches the air in a gesture of success, having seen the rising IAG share price on her laptop — Image source: Getty Images

These ASX shares are reporting today

Ranked in order of market capitalisation (largest to smallest)

Harvey Norman Holdings Limited (ASX: HVN), $5.2 billion

Sandfire Resources Ltd (ASX: SFR), $2.7 billion

Adbri Ltd (ASX: ABC), $1.2 billion

Tyro Payments Ltd (ASX: TYR), $846.8 million

Cooper Energy Ltd (ASX: COE), $447.4 million

McPherson's Ltd (ASX: MCP), $88.1 million

Swoop Holdings Limited (ASX: SWP), $41.4 million

What can we expect today?

Two weeks on from JB Hi-Fi Limited's (ASX: JBH) first-half results, we are now staring down the barrel of another set of figures, this time from its closest rival.

Harvey Norman shareholders are flying into today's results without much prior information. The last trading update was handed out on 24 November 2022, detailing sales for the period between 1 July and 31 October 2022. Importantly, aggregated sales revenue was up 6.9% compared to the prior corresponding period.

The numbers to beat from the last first half are:

$4.91 billion in total system sales revenue
34.58 cents in earnings per share
Interim fully franked dividend of 20 cents per share

Meanwhile, an ASX payments tech share will be attempting to wow onlookers today in hopes of a better bid.

Tyro Payments is in the hot seat after giving due diligence access to Potentia at the end of January. Today's first-half figures will no doubt factor into any ensuing takeover offer, so Tyro shareholders will be looking for some solid numbers.

In January, the company provided unaudited results that showed a record period in some aspects. Notably, gross profits were up 40% to $95.2 million on a normalised basis. Though, the focus will likely be on any amendments to the company's full-year guidance.

Don't forget to check back in throughout the day for our earnings coverage.

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