Earnings preview: Here are the ASX shares reporting on Thursday

A group of business people in a board room hear the latest company reportA group of business people in a board room hear the latest company report

It will be another busy day of the February ASX earnings season today. Many ASX shares from various sectors are ready to bare all in their latest half-yearly reports.

Will their shareholders be impressed or distressed?

Here’s a summary of which companies are releasing results to get you prepared for the day ahead.

ASX shares lined up to report today

Ranked in order of market capitalisation (largest to smallest)

National Australia Bank Ltd (ASX: NAB), $95.2 billion

Telstra Ltd (ASX: TLS), $47.8 billion

Goodman Group (ASX: GMG), $37.3 billion

Newcrest Mining Ltd (ASX: NCM), $21.7 billion

South32 Ltd (ASX: S32), $21.1 billion

Sonic Healthcare Limited (ASX: SHL), $14.0 billion

ASX Ltd (ASX: ASX), $13.6 billion

Origin Energy Ltd (ASX: ORG), $12.3 billion

Whitehaven Coal Ltd (ASX: WHC), $7.3 billion

Incitec Pivot Ltd (ASX: IPL), $6.8 billion

Evolution Mining Ltd (ASX: EVN), $5.6 billion

AMP Ltd (ASX: AMP), $4.0 billion

Super Retail Group Ltd (ASX: SUL), $2.7 billion

Abacus Property Group (ASX: ABP), $2.6 billion

Charter Hall Retail REIT (ASX: CQR), $2.4 billion

Bapcor Ltd (ASX: BAP), $2.1 billion

Domain Holdings Australia Ltd (ASX: DHG), $1.9 billion

Magellan Financial Group Ltd (ASX: MFG), $1.7 billion

Hotel Property Investments Ltd (ASX: HPI), $699.5 million

Beacon Lighting Group Ltd (ASX: BLX), $453.3 million

Southern Cross Media Group Ltd (ASX: SXL), $270.0 million

To view the complete agenda for the reporting season, check out our calendar here.

What can we expect to see?

There’s a good chance NAB’s half-year results will draw a crowd today following the severe reaction to the earnings of the Commonwealth Bank of Australia (ASX: CBA) yesterday. The NAB share price fell 4.1% in tandem with the other major banks, but will it deliver a pleasant surprise today?

Investors will be looking for strength in the bank’s net interest margin and a positive outlook on the containment of bad debts. Additionally, a decent bump up in dividends wouldn’t go astray after CBA increased its interim payment by 20%.

Another ASX share that will be under interrogation today is Australian fund manager Magellan Financial Group. The company’s share price has been slaughtered since February 2020, falling 85% as funds flew out the door.

Today, onlookers will be hoping for some further affirmation that things are beginning to turn around. In January, funds under management improved — but that was due to the value of the assets rising, rather than additional inflows.

According to Bloomberg estimates, Magellan could report $105.7 million in net profit after tax (NPAT) today. If this were to be the case, it would represent a 58% decrease from the prior corresponding period.

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

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Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank Of Australia and Sonic Healthcare. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Hotel Property Investments, Super Retail Group, and Telstra Group. The Motley Fool Australia has recommended Bapcor, Goodman Group, and Sonic Healthcare. 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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