This week of the earnings season is ending on a quieter note. Unlike yesterday, there are only a handful of major ASX shares expected to release their results today.
Nevertheless, it is helpful to know which companies are set to release their results. Here’s a quick summary of what is coming up today so you don’t miss any of it.
ASX shares primed to report today
Ranked in order of market capitalisation (largest to smallest)
Westpac Banking Corp (ASX: WBC), $79.9 billion
QBE Insurance Group Ltd (ASX: QBE), $19.9 billion
Latitude Group Holdings Ltd (ASX: LFS), $1.4 billion
Inghams Group Ltd (ASX: ING), $1.0 billion
HealthCo Healthcare and Wellness REIT (ASX: HCW), $501.6 million
Baby Bunting Group Ltd (ASX: BBN), $331.9 million
What can we expect to see?
The elephant in the room is Westpac’s first quarter update today. Shareholders will be putting the major bank under the microscope to see how it compares with recent releases from the Commonwealth Bank of Australia (ASX: CBA) and National Australia Bank Ltd (ASX: NAB).
Credit quality is the question on all investors’ lips as concerns of a hard landing escalate. Writing loans and collecting interest has been a boon for the banking sector. However, the quality of those loans is now arguably the most important criterion in a high-rate environment.
At the other end of the market cap spectrum, Baby Bunting Group is one ASX retail share that could draw a crowd today.
Shares in the baby goods retailer have tumbled 37% since the company’s annual general meeting. It was at the AGM that shareholders were first informed of a difficult landscape for profitability as Baby Bunting competed more on price.
Heading into today, consensus estimates placed net profit after tax (NPAT) at $8.5 million for the first half. Any insight into how the company’s management plans to improve earnings moving forward will be a topic of interest for shareholders.
You now have a headstart on the day! Don’t forget to check back for our results coverage of these ASX shares and more.
The post Earnings preview: Here are the ASX shares reporting on Friday appeared first on The Motley Fool Australia.
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More reading
- Westpac share price on watch following Q1 update
- 5 things to watch on the ASX 200 on Friday
- Why CBA, Corporate Travel Management, Treasury Wine, and Westpac shares are dropping
- 3 catalysts for Westpac shares to take off in 2023
- Westpac share price higher amid latest BNPL moves
Motley Fool contributor Mitchell Lawler has positions in Commonwealth Bank Of Australia. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Baby Bunting Group. The Motley Fool Australia has recommended Baby Bunting Group and Westpac Banking. 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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