AGM season has officially commenced.
This period provides shareholders with an opportunity to hear from management and assess how the business is performing.
The majority of S&P/ASX All Ordinaries Index (ASX: XJO) companies will hold their annual general meetings (AGM) in October and November.
Yesterday, we heard from Transurban Group Ltd (ASX: TCL). REA Group Ltd (ASX: REA) is set to hold its AGM today.
Other notable upcoming AGMs include Commonwealth Bank of Australia (ASX: CBA) on 15 October, BHP Group Ltd (ASX: BHP) on 23 October, CSL Ltd (ASX: CSL) on 28 October, Woolworths Group Ltd (ASX: WOW) on 30 October, and Coles Group Ltd (ASX: COL) on 11 November.
Earlier this week, I revealed 5 companies that Macquarie Group Ltd (ASX: MQG) expects to deliver the most positive earnings surprises during earnings season, as covered in the broker's 1 October research note, Stocks to buy & sell for 2025 AGM season. These results were based on the views of Macquarie analysts who were polled.
These were Aussie Broadband Ltd (ASX: ABB), Stockland Corporation Ltd (ASX: SGP), Australian Finance Group Ltd (ASX: AFG), JB Hi-Fi Ltd (ASX: JBH), and Downer EDI Ltd (ASX: DOW).
In the same report, Macquarie also named 3 ASX All Ords stocks that it expects to deliver the most negative earnings surprises. Let's find out which three were named.
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Treasury Wine Estates Ltd (ASX: TWE)
Treasury Wine Estates was the first stock named.
The company's shares have fallen nearly 40% for the year to date, and are now trading close to their 52-week low of $6.73.
Macquarie has a neutral rating and price target of $8.00 on Treasury Wine Estates shares.
Treasury Wine will hold its AGM on 16 October.
NIB Holdings Ltd (ASX: NHF)
The ASX All Ords stock, which Macquarie analysts named as most likely to deliver negative AGM news, was NIB Holdings.
NIB shares have surged more than 36% for the year to date.
Last month, it hit a new all-time high of $8.26.
Macquarie has an underperform rating and price target of $5.60 on NIB shares.
NIB will hold its AGM on 6 November.
Wisetech Global (ASX: WTC)
The final ASX All Ords stock named by Macquarie analysts was Wisetech Global.
Wisetech Global shares have had an especially volatile year to date, declining more than 30% over the period.
Macquarie currently has a neutral rating and price target of $108.50 on Wisetech shares.
Wisetech will hold its AGM on 21 November.
