It might be the last week of the official earnings season, but there are still some big ASX shares still to report.
Here’s a Monday briefing to get up to speed with what will be happening in the Australian share market today.
These ASX shares are reporting today
Ranked in order of market capitalisation (largest to smallest)
Woodside Energy Group Ltd (ASX: WDS), $65.7 billion
TPG Telecom Ltd (ASX: TPG), $8.8 billion
Yancoal Australia Ltd (ASX: YAL), $8.1 billion
Nickel Industries Ltd (ASX: NIC), $3.1 billion
Downer EDI Ltd (ASX: DOW), $2.7 billion
Cromwell Property Group (ASX: CMW), $1.9 billion
Healius Ltd (ASX: HLS), $1.7 billion
Dicker Data Ltd (ASX: DDR), $1.5 billion
InvoCare Ltd (ASX: IVC), $1.6 billion
Liberty Financial Group Ltd (ASX: LFG), $1.1 billion
Appen Ltd (ASX: APX), $339.5 million
Praemium Ltd (ASX: PPS), $320.6 million
City Chic Collective Ltd (ASX: CCX), $135.7 million
What can we expect today?
The largest oil and gas company on the ASX is scheduled to report its full-year results today — starting the week off with a bang. Although, investors should have a fairly good idea of what to expect considering the company posted its fourth-quarter and full-year update towards the end of January.
In the update, Woodside revealed record revenue in FY2022 of US$16,851 million. That’s certainly a good place to start. But, shareholders are still in the dark on how profitable the financial year was — no doubt a focus amid today’s results.
According to Bloomberg, the consensus estimate for Woodside’s net profit after tax (NPAT) is US$5.5 billion. If true, it would mean the company’s profit margin would be close to 33% for FY2022 — improving upon the 28.5% margin at the end of 2021.
Sticking with fossil fuels, Yancoal shareholders will be hoping the coal producer can break a habit with its full-year results.
Fellow ASX coal shares Whitehaven Coal Ltd (ASX: WHC) and New Hope Corporation Limited (ASX: NHC) have come under pressure amid their results, despite both posting significant increases in earnings.
Interestingly, the Yancoal share price has increased 76% over the past year, while the coal price — according to Trading Economics — has weakened slightly.
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 Monday appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Monday
- 3 steps to bring in $1,000 per month in passive income
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- 5 things to watch on the ASX 200 on Friday
- Should I buy Woodside shares before the ASX 200 energy giant reports next week?
Motley Fool contributor Mitchell Lawler has positions in Appen. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen, Dicker Data, and Praemium. The Motley Fool Australia has positions in and has recommended Dicker Data. The Motley Fool Australia has recommended Praemium and Tpg Telecom. 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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