It’s going to be a busy day for earnings as a significant number of ASX shares are expected to release their financial results today.
This is a crucial time for investors to stay informed on how their companies are navigating the current environment. Reporting season gives the average shareholder a greater look into what management is doing, how the business is creating value, and where the company could be heading in the future.
To help you stay up-to-date, here’s a summary of the companies that are set to reveal their earnings today.
Get ready to absorb the latest financial updates!
ASX shares dishing out results today
Ranked in order of market capitalisation (largest to smallest)
Northern Star Resources Ltd (ASX: NST), $13.1 billion
BlueScope Steel Limited (ASX: BSL), $9.2 billion
Ampol Ltd (ASX: ALD), $7.6 billion
Charter Hall Group (ASX: CHC), $6.9 billion
Bendigo and Adelaide Bank Ltd (ASX: BEN), $5.5 billion
A2 Milk Company Ltd (ASX: A2M), $5.2 billion
Viva Energy Group Ltd (ASX: VEA), $4.7 billion
Nib Holdings Limited (ASX: NHF), $3.8 billion
Reliance Worldwide Corporation Ltd (ASX: RWC), $2.8 billion
HomeCo Daily Needs REIT (ASX: HDN), $2.7 billion
EVT Ltd (ASX: EVT), $2.3 billion
Adairs Ltd (ASX: ADH), $408.0 million
Nuix Ltd (ASX: NXL), $338.0 million
McGrath Ltd (ASX: MEA), $60.9 million
What can we expect to see?
Off the back of a record result in FY22, BlueScope will be under review by its shareholders today.
The company had expected parts of its steelmaking business to slow from the cyclical high coming into the first half. For instance, the North Star segment was anticipated to post an earnings figure that is roughly a third of the previous half.
Heading into today, Bloomberg estimates for BlueScope’s net profit after tax (NPAT) sat at $536 million.
Turning the page to a more growth-orientated ASX share. Investigative analytics software provider Nuix will also be under scrutiny amid the release of its half-year results.
Shares in the company have figuratively scaled mountains over the past six months. During this time, the Nuix share price climbed 53% as its legal predicaments passed. Though, attention will now turn toward the fundamentals.
A return to net profitability would be a major boost to shareholder confidence. In FY22, the company reported a net loss of $22.8 million.
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 Monday appeared first on The Motley Fool Australia.
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More reading
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- Why Appen, Lendlease, Nuix, and Star shares are sinking today
- Why did the Nuix share price just crash 27%?
- These 3 ASX 300 shares are ‘significantly undervalued’: fund manager
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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 Adairs and Reliance Worldwide. The Motley Fool Australia has positions in and has recommended Adairs and Bendigo And Adelaide Bank. The Motley Fool Australia has recommended A2 Milk, NIB Holdings, and Reliance Worldwide. 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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