Sectors: Technology
Cloud-based logistics company WTC hit all-time highs this week after releasing an excellent result with a 2% beat at the revenue line and a Net Profit After Tax (NPAT) which was ~20% ahead of consensus.
HSN -8.59%: a strong 1H for the billings software business but guidance weighed and shares were weaker as a result. Operating revenue grew to $168m, around a 5% beat while EBITDA of $52m was marginally ahead of consensus. Hansen’s latest acquisition, powercloud, helped support the top line, however, it looks to be weighing on the groups margin outlook near term. Hansen also left distribution guidance unchanged where the market was looking for an upgrade despite its strong balance sheet.
WTC +11.15%: A great result from the logistics software company today starting at a 2% beat at the revenue line, however spades of operational leverage underpinned Net Profit After Tax (NPAT) that was 22% ahead of consensus.
The insurance software company is out with what they are calling FY23X results this morning – the company is transitioning into a calendar year reporting period from 1 January 2024, making the numbers today a little messy. They have been pushing for more subscription-based revenue growth, a strategy that will yield value down the line (aka Altium).
The advertising technology company reported strong Q4 earnings at the end of last week, and the stock rallied ~17% on the result, although it pulled back ~7% overnight. This often plays out with TTD and other stocks that have a high degree of stock-based compensation for employees, the window to sell stock opens after they report results.
NXL -11.57%: the data analytics software company gave back some recent strength today despite a 1H result that reads well. The company came in at the top end or above recent guidance for the half, however, the market wanted more given the stock’s ~30% gain in recent weeks.
Thoughts on REA please.
Fortunately, I did not bale from ALU last week.
Hi the morning report had some TEC stocks i thought I would Add 2 more to the mix
I have owned DTL in the past and sold it at higher levels had a big fall last 2 days on a report that I thought was ok ?
DDR seems to have reached a high your thoughts ?
Thursday saw the ASX200 advance +0.8% as M&A returned to the local market after a brief absence, and with a strong, broad market sending 8 of the main 11 sectors higher, it’s hard to argue that the bull market isn’t still in control with the all-time high only 1.3% away. The combination of reporting season and the bid for Altium saw increased volatility, with 7.5% of the main board moving by over 5%, although outside of a surging tech sector, moves were primarily driven by earnings beats/misses.
