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We are almost at the official end of the August earnings season. However, today is set to be massive, with some of the biggest names in ASX posting their results.
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)
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 Center Travel Group Ltd (ASX: FLT), $3.47 billion
Whitehaven Coal Ltd (ASX: WHC), $7.55 billion
qantas airways limited (ASX: GAN), $8.56 billion
Allkem Ltd. (ASX: AKE), $8.85 billion
sur32 ltd (ASX:S32), $19.58 billion
Woolworths Ltd Group (ASX: WOW), $45.4 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
Will it be a day of redemption or doom for ASX tech stocks Appen? Earlier this month, a time some refer to as confession season, Appen told shareholders that its expectations for the first half were further weakening.
Additionally, management headed for a dismal $9.5 million after-tax loss, from a $6.7 million profit in the previous corresponding period. The important questions for shareholders will be: will the pain continue and for how long?
On a more positive note, ASX Lithium shares Allkem will publish its full-year results for FY22 today. Keen commodity investors will be hoping for an impressive bottom line after seeing what Pilbara Minerals Ltd. (ASX: PLS) produced for FY22. According to Citi analysts, Allkem is expected to post NPAT of $311 million.
Finally, the elephant in the room: buy now, pay later to the Zip provider. This high-flying ASX stock has more than doubled from where it was in early July. So will it meet the high hopes of today’s investors? My colleague, Cathryn Goh, has put together a list of items that she will discuss today in the company’s FY22 results; unit economy is one of them.
Don’t forget to check back throughout the day for the latest results on your favorite ASX stocks.