Earnings preview: Here are the ASX shares reporting on Thursday

The end of the week is drawing near, and with it comes a massive day for ASX shares and their earnings.

Some of the largest companies across healthcare, industrials, and utilities are reporting their latest figures. Which will be showered with praise and which will be wallowing in disappointment?

Here are the details to get your day started on the right foot.

These ASX shares are posting results today

Ranked in order of market capitalisation (largest to smallest)

Ramsay Health Care Ltd (ASX: RHC), $15.1 billion

APA Group (ASX: APA), $12.6 billion

Qantas Airways Limited (ASX: QAN), $11.8 billion

Auckland International Airport Limited (ASX: AIA), $11.4 billion

Atlas Arteria Group (ASX: ALX), $9.6 billion

IDP Education Ltd (ASX: IEL), $8.5 billion

Medibank Private Ltd (ASX: MPL), $8.5 billion

Cleanaway Waste Management Ltd (ASX: CWY), $5.9 billion

Qube Holdings Ltd (ASX: QUB), $5.3 billion

Nine Entertainment Co Holdings Ltd (ASX: NEC), $3.5 billion

Eagers Automotive Ltd (ASX: APE), $3.1 billion

Perpetual Limited (ASX: PPT), $3.0 billion

Insignia Financial Ltd (ASX: IFL), $2.3 billion

Blackmores Ltd (ASX: BKL), $1.7 billion

HMC Capital Ltd (ASX: HMC), $1.4 billion

Nanosonics Ltd (ASX: NAN), $1.4 billion

Star Entertainment Group Ltd (ASX: SGR), $1.4 billion

Smartgroup Corporation Ltd (ASX: SIQ), $760.6 million

Australian Clinical Labs Ltd (ASX: ACL), $686.2 million

Pepper Money Ltd (ASX: PPM), $668.3 million

Zip Co Ltd (ASX: ZIP), $432.4 million

Reject Shop Ltd (ASX: TRS), $151.8 million

Airtasker Ltd (ASX: ART), $125.9 million

Maggie Beer Holdings Ltd (ASX: MBH), $68.7 million

What can we expect to see?

The ‘Flying Kangaroo’ is one ASX share investors will be picking apart today amid its half-year results. A booming period for travel has helped Qantas bounce back from the difficult pandemic lows, but just how good of a result can Alan Joyce and the team deliver today?

Source: TradingEconomics

In its November update, the company guided underlying profit before tax of between $1.35 billion and $1.45 billion. Since then, the price of oil has traded lower at times (pictured above), which could further improve the bottom line.

Analysts at Morgans are also expecting the airline operator to announce a $400 million share buyback program.

Shifting gears to an ASX share that is still navigating its path to profitability, buy now pay later provider Zip. The company released its second-quarter updater in late January, which shed ample light on transaction volume and revenue.

Unless there were any major changes in auditing, Zip should post $351.2 million in revenue for the first half, up 16.2% year on year. What shareholders are still in the dark on is how much has Zip been able to narrow its losses and does it still have sufficient liquidity available in the meantime.

The Zip share price is down nearly 76% over the past 12 months. In contrast, the S&P/ASX 200 Index (ASX: XJO) has held steady with a 1.5% gain over the same period.

Don’t forget to check back in throughout the day for our earnings coverage.

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

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More reading

Motley Fool contributor Mitchell Lawler has positions in Smartgroup. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education, Nanosonics, and Zip Co. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Airtasker. The Motley Fool Australia has positions in and has recommended Apa Group, Nanosonics, and Smartgroup. The Motley Fool Australia has recommended Blackmores, Idp Education, and Nine Entertainment. 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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