Earnings preview: Here are the ASX shares reporting on Monday

Smiling woman at desktop and tabletSmiling woman at desktop and tablet

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.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…

See The 5 Stocks
*Returns as of February 1 2023

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

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.

from The Motley Fool Australia https://ift.tt/mLRDpiT

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s