Earnings preview: Here are the ASX shares reporting today

It is the last day of the busiest week in the August earnings season. Thankfully, you can ease into the weekend with far fewer ASX shares set to report their results today.

However, there are still a handful of big names that you might want to check out. Here’s a quick summary of what to expect today so you have a jump on the market.

ASX shares set to report today (smallest to largest)

Immutep Ltd (ASX: IMM), $264.2 million

Infomedia Limited (ASX: IFM), $539.2 million

Mayne Pharma Group Ltd (ASX: MYX), $574.1 million

Integral Diagnostics Ltd (ASX: IDX), $720.4 million

Costa Group Holdings Ltd (ASX: CGC), $1.27 billion

Polynovo Ltd (ASX: PNV), $1.33 billion

Nextdc Ltd (ASX: NXT), $5.09 billion

Ramsay Health Care Limited (ASX: RHC), $16.69 billion

Wesfarmers Ltd (ASX: WES), $54.02 billion

(Market capitalisations as of 22 August 2022)

To see the complete list of ASX shares, visit our reporting season calendar here.

What to expect

As there are few big names reporting today, Wesfarmers’ full-years results will probably turn the most heads. Investors will be hoping to see the conglomerate’s retail portfolio ward off margin crippling side effects of inflation in its latest results.

In anticipation of Wesfarmers’ financials, analysts at Citi have forecast a net profit after tax (NPAT) of $2,237 million. This would represent a 6% decrease from the company’s FY21 result of $2,380 million. However, that hasn’t prevented Morgans from assigning a $58.40 price target to this ASX 200 share.

One other ASX-listed blue chip releasing its results today is Ramsay Health Care. The private hospital owner and operator is expected to report net profits in the ballpark of $321 million.

Furthermore, the company is still wrangling with its Ramsay Santé operations to provide due diligence for the active KKR consortium takeover proposal.

Finally, keeping with the healthcare theme, Polynovo will be an interesting name to watch today. The medical device developer has been known for its high short interest.

However, analysts are expecting the company to report a $200,000 profit. This might sound dismal, but it would represent a substantial improvement from the $4.6 million loss in FY21.

Don’t forget to check back in throughout the day to see all the latest results from your favourite ASX shares.

The post Earnings preview: Here are the ASX shares reporting today appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• How did the Polynovo share price respond last time the company reported?
• Wesfarmers share price edges higher ahead of Thursday’s results
• Here’s what happened to the Wesfarmers share price last time the company reported
• Earnings preview: Here are 3 ASX 200 shares reporting this week

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Infomedia and POLYNOVO FPO. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool Australia has recommended COSTA GRP FPO, Infomedia, Integral Diagnostics Ltd, and Ramsay Health Care Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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