There are still a few more reports to trickle in as the reporting season begins to slow down. Will today’s ASX shares be able to deliver on their shareholders’ hopes though?
Here’s a quick, no-rubbish read to get you up to speed on Tuesday.
These ASX shares are reporting today
Ranked in order of market capitalisation (largest to smallest)
Harvey Norman Holdings Limited (ASX: HVN), $5.2 billion
Sandfire Resources Ltd (ASX: SFR), $2.7 billion
Adbri Ltd (ASX: ABC), $1.2 billion
Tyro Payments Ltd (ASX: TYR), $846.8 million
Cooper Energy Ltd (ASX: COE), $447.4 million
McPhersonâs Ltd (ASX: MCP), $88.1 million
Swoop Holdings Limited (ASX: SWP), $41.4 million
What can we expect today?
Two weeks on from JB Hi-Fi Limited‘s (ASX: JBH) first-half results, we are now staring down the barrel of another set of figures, this time from its closest rival.
Harvey Norman shareholders are flying into today’s results without much prior information. The last trading update was handed out on 24 November 2022, detailing sales for the period between 1 July and 31 October 2022. Importantly, aggregated sales revenue was up 6.9% compared to the prior corresponding period.
The numbers to beat from the last first half are:
- $4.91 billion in total system sales revenue
- 34.58 cents in earnings per share
- Interim fully franked dividend of 20 cents per share
Meanwhile, an ASX payments tech share will be attempting to wow onlookers today in hopes of a better bid.
Tyro Payments is in the hot seat after giving due diligence access to Potentia at the end of January. Today’s first-half figures will no doubt factor into any ensuing takeover offer, so Tyro shareholders will be looking for some solid numbers.
In January, the company provided unaudited results that showed a record period in some aspects. Notably, gross profits were up 40% to $95.2 million on a normalised basis. Though, the focus will likely be on any amendments to the company’s full-year guidance.
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 Tuesday appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Tuesday
- How Iâd invest $200 a month in ASX shares to target a $1,000 passive income
- Dividend investors: 2 ASX 200 shares for decades of passive income
- Why term deposits canât compete with these 5 ASX dividend machines
- Invest $20,000 in ASX 200 shares and get $1,500 each year without lifting a finger
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 Harvey Norman and Tyro Payments. The Motley Fool Australia has positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Jb Hi-Fi and Tyro Payments. 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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