Reporting Calendar: Download here
Companies reporting today on MM’s radar include:
- Telstra (TLS) FY21 Result: The headline act today and it looks a solid one, plus the commentary from CEO Andy Penn is bullish. At the top line, revenue of $23.1bn was a shade below expectations for $23.5bn, EBITDA of $7.4bn as expected, NPAT of $1.9bn inline with expectations and the dividend confirmed at 16cps. EPS was better at 15.4c v 13.5c expected and they announced a $1.35bn on market buy back. FY22 guidance is for underlying EBITDA of $7-7.3bn, the market is already at $7.4bn so slightly below in terms of guidance, but should be okay.
- Goodman Group (GMG) FY21 Result: Operating profit of $1.22bn inline with expectations and up +15% on FY20, EPS of 65.6c about a 1% beat Market currently positioned for 14% profit growth in EPS for FY22 which equates to 73.8c, GMG have guided to EPS of 72.2c which is 10% growth. GMG have a tendency to under promise and over deliver however this guidance is about 4% below market.
- Mirvac (MGR) FY21 Result: This looks strong with operating profit of $550m v $512m expected, EPS of 14c v 13.4c expected and the FY21 Dividend of 9.9c was inline with expectations. Market was expecting FY22 EPS of 15.1cps and they’ve guided to at least 15cps, which is 7% growth.
- Downer EDI (DOW) FY21 Result: Expecting revenue of $12bn, NPAT of $222m & FY21 Dividend of 19.6c. Market currently positioned for no top line growth in FY22.
- QBE Insurance (QBE) 1H 21 Result: Always a difficult read, will need to dig further todayAdd Row
- Woodside (WPL) 1H 21 Result: More detail later
- NAB Trading Update: Top line numbers only
- AMP 1H21 Result: The stock is very cheap – looks interesting, however focus is all about cost out then strategy from new management. That will be the key today.
NB: Results will be covered on the MM Website throughout the day: Visit www.marketmatters.com.au
