With the latest ASX reporting season underway, investors are eagerly anticipating the latest financial news and updates from Australian companies. Whether you are a seasoned trader or just beginning your investment journey, understanding the relevance of reporting season and monitoring key stocks can play a powerful role in your investment strategy.
But what exactly is reporting season, and what are some valuable insights it can deliver for you as an investor? We’ll explain what you need to know and explore some top ASX stocks you might want to watch during this reporting season.
What is the reporting season?
Reporting season is a time of the year when publicly listed companies release their financial reports. These reports contain comprehensive insights into their recent financial performance. In Australia, the ASX reporting season usually occurs twice a year, corresponding with the half-year and full-year financial periods. The reports are released within two months of the end of their balance sheet date.
During these times, companies are required to publicly disclose their earnings and financial statements, as well as present them to analysts, shareholders and the broader market. This allows investors to assess the health and growth prospects of these companies.
What information do companies share, and what can it tell you?
Within their earnings reports, companies will share all sorts of valuable information. Key data points usually include:
- Revenue growth
- Earnings per share (EPS)
- Net income
- Profit margins
You can use this information to evaluate the company’s financial health, profitability and operational efficiency. By comparing these figures with previous reporting periods or industry benchmarks, you can gauge the company’s growth trajectory and overall performance.
Moreover, the management’s commentary and outlook provided during the earnings calls can give you a much deeper view of the company’s prospects. Any changes in dividend policies, debt levels or capital-allocation plans may influence how attractive the company is to you as an investor.
When is the reporting season in Australia?
The reporting season in Australia generally aligns with the financial year, with companies reporting their full-year results around August and their half-year results around February. It is worth noting that while most companies stick to this schedule, release dates can – and do – vary depending on the individual company’s fiscal year-end.
To stay updated on the exact reporting dates of ASX-listed companies, refer to our ASX Earnings Reports Calendar for a comprehensive guide to upcoming announcements.
Which ASX stocks should you watch this reporting season?
Thinking about investing in some new ASX stocks this reporting season? Here are some companies you might want to track – just ensure they align with your long-term investment goals and overarching strategy.
Mirvac Group (MGR.ASX)
Mirvac is a major property development and investment company with large ongoing projects around Australia. Their next report could provide key information about the current state of the real estate market, demand for commercial and residential properties, as well as the company’s growth strategy.
Report Release Date: 16 August 2023
Past performance is not an indication of future results.
Beach Energy (BPT.ASX)
Beach Energy is an oil and gas exploration and production company. With the world looking to transition to cleaner energy sources, Beach Energy’s report will likely reveal how it is progressing in terms of more sustainable practices and diversifying its energy portfolio.
Report Release Date: 14 August 2023
Past performance is not an indication of future results.
Pilbara Minerals (PLS.ASX)
Pilbara Minerals is a mining company focused on lithium and tantalum production, which are key components for the electric vehicle (EV) and battery storage industries. Given the increasing demand for sustainable energy solutions, Pilbara Mineral’s report will likely give you some insights into the growth prospects of the EV market.
Report Release Date: 21 August 2023
Past performance is not an indication of future results.
Qantas (QAN.ASX)
Qantas is Australia’s flagship carrier airline and plays a leading role in the country’s aviation industry. With many COVID-19 travel restrictions now lifted, investors are interested in assessing Qantas’ recovery and how it plans to capitalise on a resurgence in international travel.
Report Release Date: 24 August 2023
Past performance is not an indication of future results.
Domino’s Pizza Enterprises (DMP.ASX)
Domino’s is arguably the most well-known pizza-delivery company around the world, and it has a large presence in Australia. The company’s upcoming report could give insight into its online sales growth, international expansion and efforts to adapt to changing consumer preferences.
Report Release Date: 23 August 2023
Past performance is not an indication of future results.
Telstra Group (TLS.ASX)
Telstra is Australia’s largest telecommunications company. It provides a wide range of communication and media services, so its next earnings report could highlight the company’s efforts to monopolise the increasing demand for data and connectivity.
Report Release Date: 17 August 2023
Past performance is not an indication of future results.
CSL (CSL.ASX)
CSL is a global pharmaceuticals and diagnostic products company that develops and produces innovative biotherapies. As one of the leading players in the biotech industry, CSL’s earnings report tends to shed light on the demand for its products, R&D advancements and potential growth opportunities.
Report release date: 15 August 2023
Past performance is not an indication of future results.
With the ASX reporting season underway, it is a great time to gain a deeper understanding of the financial performance and growth prospects of prospective ASX investments. Remember to do your due diligence, employ risk management strategies and only invest as much as you are willing to lose.
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This communication is general information and education purposes only and should not be taken as financial product advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial product. It has been prepared without taking your objectives, financial situation or needs into account. Any references to past performance and future indications are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication