Earnings preview: Here are the ASX shares reporting today

We are almost at the official end of the August earnings season. However, today is slated to be massive, with some of the most popular names on the ASX releasing their results.

Here’s a quick summary of what to expect today so you have a jump on the market.

ASX shares set to report today (smallest to largest)

Appen Ltd (ASX: APX), $514.8 million

Zip Co Ltd (ASX: ZIP), $667.3 million

Nine Entertainment Co Holdings Ltd (ASX: NEC), $3.41 billion

Eagers Automotive Ltd (ASX: APE), $3.42 billion

Flight Centre Travel Group Ltd (ASX: FLT), $3.47 billion

Whitehaven Coal Ltd (ASX: WHC), $7.55 billion

Qantas Airways Limited (ASX: QAN), $8.56 billion

Allkem Ltd (ASX: AKE), $8.85 billion

South32 Ltd (ASX: S32), $19.58 billion

Woolworths Group Ltd (ASX: WOW), $45.4 billion

(Market capitalisations as of 22 August 2022)

To see the complete list of ASX shares, visit our reporting season calendar here.

What to expect

Will it be a day of redemption or damnation for ASX tech share, Appen? Earlier this month, a time some refer to as confession season, Appen informed shareholders of further weakening in its expectations for the first half.

Furthermore, management guided for a grim US$9.5 million after tax loss, cratering from a US$6.7 million profit in the prior corresponding period. The important questions for shareholders will be: is the pain set to continue, and for how long?

On a more positive note, ASX lithium share Allkem is set to release its full-year results for FY22 today. Keen commodity investors will be hopeful of an impressive bottom-line number after seeing what Pilbara Minerals Ltd (ASX: PLS) produced for FY22. According to Citi analysts, Allkem is expected to post a net profit after tax (NPAT) of $311 million.

Finally, the elephant in the room — buy now, pay later provider Zip. This high-flying ASX share has more than doubled from where it was at the beginning of July. So, will it deliver on the high hopes of investors today? My colleague, Cathryn Goh, put together a list of items she will be looking at in the company’s FY22 results today — unit economics is one of them.

Don’t forget to check back in throughout the day to see all the latest results from your favourite ASX shares.

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

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More reading

• Why is the Allkem share price charging 6% higher?
• How did the Zip share price respond last time the company reported?
• Looking to buy Zip shares? Here’s what to look for in tomorrow’s results
• Here are the top 10 ASX 200 shares today
• Why is the Allkem share price acing it on Tuesday?

Motley Fool contributor Mitchell Lawler has positions in Appen Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen Ltd and ZIPCOLTD FPO. The Motley Fool Australia has recommended Flight Centre Travel Group Limited. 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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