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It’s hump day, and now we’re right in the thick of earnings season. Buckle up, because the torrential rain of ASX stock earnings is about to sweep away.
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)
Rural Funds Group (ASX: RFF), $992.1 million
Netwealth Group Ltd. (ASX: NWL), $3.19 billion
Iluka limited resources (ASX: CITY), $4.01 billion
Domino’s Pizza Enterprises Ltd (ASX: DMP), $5.81 billion
Seven Group Holdings Ltd (ASX:SVW), $6.43 billion
Lottery Corporation Ltd. (ASX:FTA), $9.88 billion
APA group (ASX: APA), $13.62 billion
sonic limited health (ASX: SHL), $15.93 billion
WiseTech Global Ltd (ASX:WTC), $17.30 billion
Coles Group SL (ASX: COL), $24.99 billion
Woolworths Ltd Group (ASX: WOW), $46.02 billion
(Market caps as of August 22, 2022)
To see the full list of ASX stocks, visit our reporting season calendar here.
what to expect
Starting at the larger end of town, Woolworths is expected to release its full-year results for FY22 today. Viewers will likely be keeping an eye on this ASX action to see if it has been able to shift inflationary costs to the client.
Citi analysts expect $1.502 million in net profit after tax (NPAT) from Woolworths today. Additionally, both Bell Potter and Citi currently have a buy rating on the supermarket giant.
Moving forward, an ASX tech stock that has managed to avoid the worst of the tech disaster is set in the full-year accounts on Wednesday. By analyst consensus, cloud-based logistics software provider WiseTech is expected to report $175.7 million in bottom line.
On July 15, WiseTech wowed the market with its updated guidance for FY22. Based on the company’s own estimates, revenue will range from $600 million to $635 million.
Lastly, Lottery Corporation will give the market its first taste of full year results as a separate ASX stock.
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