When it comes to the current ASX earnings season, this week has been a big one. Although we haven't heard from too many ASX 200 tech shares, we've seen the latest numbers from famous blue chips ranging from BHP Group Ltd (ASX: BHP) and Fortescue Ltd (ASX: FMG) to Wesfarmers Ltd (ASX: WES) and Telstra Group Ltd (ASX: TLS).
Next week, the earning train will continue rolling through the station. So let's talk about two high-flying ASX tech shares that are set to drop their own latest earnings next week.
Two high-flying ASX tech shares set to report earnings next week
WiseTech Global Ltd (ASX: WTC)
First up is ASX 200 tech share and logistics solutions provider Wisetech. Wisetech is scheduled to deliver its latest half-year earnings next Wednesday, 26 February.
It will be a particularly pertinent report for investors to read, given the disruption Wisetech has seen over the past few months. Back in October, the ASX 200 tech share revealed that its co-founder and long-term CEO, Richard White, would step down following media reports into his personal life.
White had long been a source of encouragement for investors, but his departure heralded the end of a media frenzy surrounding his private affairs. As such, investors seemed relieved when he handed over the reins. Negative news stories about White have continued to emerge in the months since though.
Even so, investors are probably anxious to hear how the ASX 200 tech share is doing in its new post-White era. As it currently stands, the Wisetech share price is sitting on a healthy gain of 37.1% over the past 12 months.
Life360 Inc (ASX: 360)
Following Wisetech's earnings on Wednesday, we will then hear from another ASX 200 tech share in software company Life360.
Life360 is scheduled to report its own earnings next Friday, 28 February. It will release results for both its fourth quarter of 2024, and the full year ending 31 December.
Unlike Wisetech, Life360 does not have any salacious management issues clouding these results. However, with the Life360 share price up an astonishing 226% over the past 12 months, the company will arguably need to bring its A-game if it does not wish to disappoint investors.
Perhaps fortunately for those investors though, ASX experts seem to think that this ASX 200 tech share won't disappoint. That's the view of one broker, Bell Potter, anyway.
As we covered today, Bell Potter is expecting a "steller" earnings report from Life360 next week. That's in addition to strong guidance for the year ahead. The broker has given the company a 'buy' rating. As well as a 12-month share price target of $27.75. If realised, that would see this ASX 200 tech share rise by another 11.85% or so over the coming year.
