Shares of Commonwealth Bank of Australia (ASX: CBA), Seek Ltd (ASX: SEK), and AGL Energy Limited (ASX: AGL) are on the move today after the latest round of results this earnings season, with investors reacting sharply.
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Here's why CBA shares are turning heads today
CBA shares are in focus today after the banking giant posted its FY26 results ahead of the ASX open this morning.
At the time of writing on Wednesday morning, the bank's shares are down around 2% and changing hands at $171.36 apiece. The latest decline means CBA shares have now sunk by around 5% over the past week, but are still roughly 7% higher year to date.
CBA posted a 7% increase in cash NPAT and an 8% increase in statutory NPAT this morning. Operating income also increased by 6.2%. The bank also announced a $ 2.70-per-share fully-franked final dividend and a fully-franked full-year dividend of $5.05, up 20 cents.
The bank said it is the first time it has reported growth at or above system in each of its five core domestic product categories: home lending, business lending, consumer finance, household deposits, and business deposits.
But going forward, CBA flagged a cautious outlook, with softer household spending and slower economic growth.
While the result is positive overall, it looks like the market is cautious. It's likely that CBA's result is attracting attention because of the bank's earnings strength and its already-high valuation.
Here's why everyone is selling their Seek shares today
Seek shares have crashed around 16% in early morning trade on Wednesday. At the time of writing, the shares are changing hands for $13.55 a piece. This morning's fall means the shares are now down 42% year to date.
It looks like investors are rushing to sell up their shares following the company's FY26 results, which it posted ahead of the ASX open this morning.
Seek announced that its sales revenue climbed 17% to $1.284 billion, net revenue increased 10% to $1.199 billion, EBITDA grew 15% to $530 million, and adjusted profit was up 28% to $199 million.
The business also announced a final dividend of 25 cents per share, meaning its full-year FY26 payout is a record 52 cents per share, up 13%.
The results represent Seek's sixth consecutive year of double-digit revenue growth despite softer job ad volumes and strong yield gains.
The numbers are impressive, but net revenue, EBITDA, and adjusted profit all came in at the bottom end of previous guidance ranges, and investors are spooked.
It's possible that FY27 guidance is also weaker than expected. Seek is targeting revenue of $1.21 to $1.28 billion and EBITDA of $530 to $580 million in FY27.
Here's why everyone is buying AGL shares today
Investors have jumped at the chance to buy AGL shares following the company's FY26 results announcement this morning.
At the time of writing, the shares are up around 5% and changing hands at $8.66 a piece. Today's increase has helped recover some of the losses incurred over the past year. AGL shares are now down around 7% for the year to date.
The energy supplier announced a 2% increase in both its underlying EBITDA and underlying NPAT for FY26. It also confirmed a 60% increase in its operating free cash flow.
AGL declared a final dividend of 26 cents per share, fully franked, bringing the total FY26 dividend to 50 cents per share.
AGL looks to have had a strong year, and investors are clearly pleased with the result.
The company said that it has grown its customer base, invested $600 million in firming projects, achieved major milestones – including two long-term power purchase agreements – and completed divestment of its stake in Tilt Renewables.
For FY27, AGL is guiding underlying EBITDA between $1.9 to $2.2 billion and underlying NPAT between $470 to $670 million.
