Earnings preview: Here are 3 ASX 200 shares reporting next week

We might be on the home stretch of ASX reporting season but there are still some big S&P/ASX 200 Index (ASX: XJO) shares yet to report.

Keep your eyes peeled for financial results from these three popular ASX 200 shares next week.

A2 Milk Company Ltd (ASX: A2M)

To kick things off, former ASX 200 market darling A2 Milk will lift the lid on its full-year results on Monday.

The A2 Milk share price has taken centre stage in recent weeks as the company tries to crack into the United States’ infant formula market.

In unfortunate news for shareholders, these plans remain stalled as the company awaits approval from the US Food and Drug Administration (FDA).

This comes despite the FDA granting rival Bubs Australia Ltd (ASX: BUB) approval in May to ship 1.25 million tins of baby formula to the US.

Analysts at Bell Potter are expecting A2 Milk to report FY22 sales of NZ$1,407.2 million, reversing its fortunes from the first half of the year to deliver 17% growth.

Bell Potter is also expecting a rebound in A2 Milk’s profits, pencilling in an adjusted net profit after tax (NPAT) of NZ$108.6 million, up 35% year on year.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is another ASX 200 share preparing to release its full-year results on Monday.

Investors have already been given a preview of what to expect through the company’s quarterly production reports.

In the latest fourth-quarter update, Fortescue reported record iron ore shipments of 49.5 million tonnes and average revenue of US$108 per dry metric tonne.

As a resources business, Fortescue’s short-term success is largely tied to the performance of the iron ore price.

But looking further afield, the company has big plans for green energy through its Fortescue Future Industries business. 

Analysts at Goldman Sachs are expecting Fortescue to declare a fully franked final dividend of 99 cents. This would bring total FY22 dividends to $1.85, down nearly 50% compared to the prior year.

Even still, Fortescue shares would be sporting an eye-catching prospective dividend yield of 10%. That said, the sustainability of this yield is coming into question.

Woodside Energy Group Ltd (ASX: WDS)

According to our Foolish ASX reporting season calendar, Woodside will release its first-half FY22 results on Tuesday.

The company completed its multi-billion-dollar merger with BHP Petroleum on 1 June 2022. So, these results should include one month’s contribution from BHP’s oil and gas portfolio.

The Woodside share price is having a stellar run this year. While the broader ASX 200 retreats on concerns of soaring inflation and rising interest rates, Woodside shares have jumped an impressive 56% on the back of booming oil prices.

In fact, the Woodside share price hit a two-year high during the week.

Like Fortescue, Woodside also releases quarterly production reports.

Its most recent second-quarter update disclosed an average realised price of $95 per barrel of oil equivalent. This helped the company to generate quarterly revenue of $3.4 billion, up an impressive 44% compared to the first quarter of 2022. 

Woodside shares are currently trading on a trailing 12-month dividend yield of 5.2%.

The post Earnings preview: Here are 3 ASX 200 shares reporting next week appeared first on The Motley Fool Australia.

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More reading

• Guess which ASX All Ords share rocketed 15% on a rare earths deal with Twiggy Forrest
• Here are the top 10 ASX 200 shares today
• A2 Milk share price lags ASX 200 ahead of Monday’s earnings result
• Fortescue share price rises ahead of Monday’s earnings result
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended A2 Milk and BUBS AUST FPO. 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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