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Welcome to Tuesday! We are starting to move towards the spiky end of earnings season. While you won’t see as many ASX stocks reporting today as you will on Wednesday and Thursday, there will still be plenty of company reports to sink your teeth into.
Here is a brief summary of what you can expect today to give you a jump on the market.
ASX shares due to be reported today (from low to high)
Kogan.com Ltd (ASX: KGN), $406 million
Estia Salud Ltda. (ASX:EHE), $523 million
hub24 ltd (ASX:HUB), $2.00 billion
ARB Corporation (ASX:ARB), $2.6 billion
Breville Group Ltd (ASX: BRG), $3.06 billion
Boral Ltd. (ASX:BLD), $3.19 billion
ansell limited (ASX: ANN), $3.2 billion
alumina ltd (ASX: AWC), $4.37 billion
Pilbara Minerals Ltd. (ASX: PLS), $9.44 billion
core group (ASX: SCG), $14.43 billion
effort group (ASX:EDV), $14.81 billion
(Market caps as of August 22, 2022)
To see the full list, visit our reporting season calendar here.
what to expect
Kogan, the smallest ASX entry of the bunch, will certainly turn heads today. Shares of the e-commerce company surged 50% after it released a trading update on July 28. However, can the beleaguered retailer live up to expectations with its full-year accounts?
Another ASX stock that has had a tough time this year is ARB Corporation. Since the beginning of the year, shares in the 4×4 accessory maker have fallen nearly 42%. However, Citi analysts expect net income after taxes (NPAT) of $127.1 million from the company today. This would represent an increase of 12.6% year over year.
Shifting gears, a popular ASX lithium stock will pull back the curtain on its earnings today. Pilbara Minerals’ share price has soared recently, rising 25% over the past month. Despite the streak, Macquarie believes there could still be another 80% advantage on the table.
Finally, at the larger end of town, the Endeavor Group is expected to report in the ballpark of $489 million in profit. Based on this estimate, the beverage and hospitality business could see a 9.9% increase in profit compared to the previous year.
Don’t forget to check back throughout the day for the latest results on your favorite ASX stocks.
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