FINANCIAL NEWS

FNArena Corporate Results Monitor

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

May 17 2019


Rudi’s View: Link Admin, Clinuvel Pharma & Altium

In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…

May 17 2019


Weekly Top Ten News Stories

Our top ten news stories from 09 May 2019 to 16 May 2019

May 17 2019


Next Week At A Glance

A brief look at important company events and economic data releases next week.

May 17 2019


The Wrap: Economy; Wealth, IMF And Imaging

Weekly Broker Wrap: consumer tax lift; RBA and Oz economy; wealth platforms; infant milk formula; diagnostic imaging; and supermarkets.

May 17 2019


Deutsche Bank rates ALL as Buy

Deutsche Bank believes the upcoming interim result will reveal that the extraordinary success of the land-based gaming business is being reinvested in the Americas and digital divisions. Nevertheless, the broker expects the result to surprise to the upside.

Recent survey and peer results revealed the North American gaming market is firm and Aristocrat Leisure is continuing to gain share in class III and class II as well as hold share in the more competitive outright sales segment. Buy rating and $39.30 target.

Citi rates GXY as Buy

Galaxy Resources has made a strategic equity investment of $22.5m in Alliance Mineral ((A40)). This takes its holding to 12%. Alliance Mineral is currently ramping up the Bald Hill lithium project in Western Australia and has guided to production of 240,000t of spodumene concentrate in FY20.

Citi believes Galaxy Resources is looking at options to maintain and grow its exposure, as Sal de Vida and James Bay are still a few years away from meaningful production. Buy rating and $2.70 target maintained.

Credit Suisse rates SUN as Neutral

Credit Suisse expects the increased natural hazards allowance and reinsurance cover for FY20 will reduce the downside risk to earnings. This should be a benefit by way of a reduced discount to Insurance Australia Group ((IAG)).

While encouraged by the additional allowance, the broker assesses this is effectively another re-set of the insurance margin. Moreover, at a time when the company is looking to provide increased earnings certainty it has left the market in the dark in regards to regulatory costs.

Credit Suisse maintains a Neutral rating and raises the target to $14.00 from $13.25.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

To display the stock analysis for a company please enter the company code:

XRO | XERO LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$61.30

17 May
2019

1.150

OPEN

$59.76

1.91%

HIGH

$62.11

955,348

LOW

$59.60

TARGET
$52.750 -13.9% downside
Franking for last dividend paid out: 0%
MARKET CONSENSUS FORECAST
XRO: 1
Title FY20
Forecast
FY21
Forecast
EPS (cps) 13.8 47.4
DPS (cps) 0.0 0.0
EPS Growth N/A 100.0%
DPS Growth N/A N/A
PE Ratio 443.2 129.3
Dividend Yield 0.0% 0.0%
Div Pay Ratio(%) 0.0% 0.0%
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.

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DAILY FINANCIAL NEWS

FNArena Corporate Results Monitor

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

May 17 2019 - Australia


Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.

May 16 2019 - Australia


A glance through the latest expert views and predictions about commodities. Trade tensions; LNG; bulks; and steel.

May 15 2019 - Commodities


Increased competition in generic drugs has caused a significant deterioration in Mayne Pharma earnings and the company is reviewing the carrying value of these assets.

May 15 2019 - Small Caps


McKinsey & Company warn that a lack of recent exploration investment threatens a gold reserve crisis, while Macquarie singles out Africa-based miners as solid growth prospects.

May 15 2019 - Commodities


Further delays to the acquisition of the OnePath wealth business have meant brokers are reassessing the earnings outlook for IOOF.

May 14 2019 - Australia


RUDI'S VIEWS

Rudi’s View: Link Admin, Clinuvel Pharma & Altium

In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…

May 17 2019

DAILY MARKET REPORTS

The Overnight Report: What Trade War?

A Street-beating earnings result from Walmart was enough to send US stocks higher once more, largely back to square for the week. Dow up 214.

May 17 2019


Today’s Financial Calendar

Significant Scheduled Events For 17 May, 2019

May 17 2019


Australian Broker Call *Extra* Edition – May 16, 2019

Extra Edition of the Broker Call Report

May 16 2019


The Overnight Report: Auto Relief

As the White House is stuck in negotiations with China, a planned tariff increase on European cars has been postponed. Dow up 115.

May 16 2019


Today’s Financial Calendar

Significant Scheduled Events For 16 May, 2019

May 16 2019


The Overnight Report: Not Convincing

Wall Street has bounced, but not shaken off expectations of further falls to come. Dow up 207.

May 15 2019


Today’s Financial Calendar

Significant Scheduled Events For 15 May, 2019

May 15 2019


WEEKLY REPORTS

Weekly Top Ten News Stories

Our top ten news stories from 09 May 2019 to 16 May 2019

May 17 2019

Next Week At A Glance

A brief look at important company events and economic data releases next week.

May 17 2019

The Wrap: Economy; Wealth, IMF And Imaging

Weekly Broker Wrap: consumer tax lift; RBA and Oz economy; wealth platforms; infant milk formula; diagnostic imaging; and supermarkets.

May 17 2019


The Short Report

FNArena’s weekly update on short positions in the Australian share market.

May 16 2019

Australian Corporate Bond Price Tables

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

May 16 2019

Share Buybacks – Who’s Doing It?

Weekly Update on ASX-listed companies buying in their own stock.

May 15 2019


Uranium Week: Restricted Share Prices

Sachem Cove Partners believes listed uranium miners present an extraordinary investment opportunity even as the uranium price continues to slide.

May 14 2019

Weekly Ratings, Targets, Forecast Changes

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

May 13 2019

Weekly Top Ten News Stories

Our top ten news stories from 02 May 2019 to 09 May 2019

May 10 2019


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THE MARKETS

    Click item/line to change chart

  • Australia

    19 May 2019   Updated : 17:12   AEDT

    SPI Overnight (Jun)

    6392.00

    +47.00

    0.74%

    All Ordinaries

    6460.20

    +42.70

    0.67%

    S&P ASX 200

    6365.30

    +37.50

    0.59%

    S&P ASX 300

    6318.00

    +37.40

    0.60%

    Consumer Discretionary

    2433.90

    +17.70

    0.73%

    Consumer Staples

    11760.10

    +203.40

    1.76%

    Energy

    11468.30

    +142.80

    1.26%

    Financials

    5823.80

    -52.90

    -0.90%

    Health Care

    32308.40

    +487.60

    1.53%

    Industrials

    6587.00

    +44.90

    0.69%

    Info Technology

    1407.40

    +20.30

    1.46%

    Materials

    13386.90

    +216.60

    1.64%

    Telecommunication

    1258.40

    +18.50

    1.49%

    Utilities

    8441.10

    +40.80

    0.49%

  • Asia

    19 May 2019   Updated : 17:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    21250.09

    +187.11

    0.89%

    Hang Seng

    27946.46

    -328.61

    -1.16%

    Click item/line to change chart

  • Australasia

    19 May 2019   Updated : 17:12   AEDT

    AUD/USD

    0.6862

    0.00

    -0.20%

    AUD/NZD

    1.0519

    0.00

    -0.15%

    NZD/USD

    0.6523

    0.00

    -0.05%

    AUD/JPY

    75.53

    +0.12

    0.15%

    SGD/AUD

    1.06

    +0.00

    0.11%

    AUD/EUR

    0.6145

    0.00

    -0.21%

    AUD/GBP

    0.5401

    +0.00

    0.24%

    AUDCAD

    0.9243

    0.00

    -0.39%

  • World

    19 May 2019   Updated : 17:12   AEDT

    CAD/USD

    0.7424

    +0.00

    0.19%

    EUR/JPY

    122.93

    +0.45

    0.37%

    EUR/USD

    1.1167

    0.00

    0.00%

    GBP/USD

    1.2718

    0.00

    -0.35%

    USD/JPY

    110.08

    +0.39

    0.36%

    Click item/line to change chart

  • World

    19 May 2019   Updated : 17:12   AEDT

    FTSE100

    7348.62

    -4.89

    -0.07%

    DAX30

    12238.94

    -71.43

    -0.58%

    DJIA

    25764.00

    -98.68

    -0.38%

    S&P500

    2859.53

    -16.79

    -0.58%

    Nasdaq Comp

    7816.28

    -81.76

    -1.04%

    S&P500 VIX

    15.96

    +0.67

    4.38%

    US 10-year yield

    2.393

    -0.012

    -0.500%

    USD Index

    97.83

    +0.27

    0.28%

  • Aus Stocks

    19 May 2019   Updated : 17:12   AEDT

    BHP (UK)

    1573.00

    0.00

    0.00%

    Rio (UK)

    4673.00

    +64.00

    1.39%

    BHP (US)

    52.07

    +0.03

    0.06%

    Rio (US)

    59.96

    +0.18

    0.30%

    ResMed (US)

    112.78

    -0.65

    -0.57%

    South32 (UK)

    185.00

    -3.70

    -1.96%

    James Hardie (US)

    12.70

    -0.15

    -1.17%

    Telstra (US)

    12.15

    +0.05

    0.41%

    Westpac (US)

    17.35

    -0.60

    -3.34%

    Click item/line to change chart

  • Spot Metals & Minerals

    17 May 2019   Updated : 07:36   AEDT

    Gold (oz)

    1286.40

    -9.70

    -0.75%

    Silver (oz)

    14.53

    -0.24

    -1.62%

    Copper (lb)

    2.7340

    +0.00

    0.00%

    Aluminium (lb)

    0.8248

    +0.02

    1.99%

    Lead (lb)

    0.8231

    +0.01

    1.54%

    Nickel (lb)

    5.5017

    +0.08

    1.51%

    Zinc (lb)

    1.2508

    +0.01

    0.64%

    Copper (t)

    6027.00

    0.00

    0.00%

    Aluminium (t)

    1818.00

    +35.00

    1.96%

    Lead (t)

    1815.00

    +28.00

    1.57%

    Nickel (t)

    12129.00

    +180.00

    1.51%

    Zinc (t)

    2758.00

    +18.00

    0.66%

    Uranium (lb) weekly

    25.85

    0.00

    0.00%

  • Commodities Futures

    17 May 2019   Updated : 08:39   AEDT

    West Texas Crude

    63.13

    +1.00

    1.61%

    Brent Crude

    72.77

    +0.86

    1.20%

    Iron Ore (t) futures

    98.00

    +3.05

    3.21%

CALENDAR

Monday, 20 May 2019
NZ services PMI, Apr
JP GDP, Q1
JP industrial production, Mar
ELD earnings result
IPL earnings result
RSG AGM
SDA AGM
SYD traffic stats
Tuesday, 21 May 2019
AU minutes of RBA meeting
AU RBA governor speaks
ALQ earnings result
AST ex-div 4.86c (45%)

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$16.60

ARB ARB CORPORATION LIMITED

$18.27

CSL CSL LIMITED

$206.51

REA REA GROUP LIMITED

$87.72

RMD RESMED INC

$16.45

WEEKLY PDF

Stories To Read From FNArena


WEEK 20

WEEK 19

WEEK 18

WEEK 17

WEEK 16

FNARENA TALKS

FNARENA WINDOWS

Window on INSURANCE

Rudi’s View: Link Admin, Clinuvel Pharma & Altium

In this week's Weekly Insights (this is Part Two): -All About Dividends –Royal Commission: Ongoing Impact -Quote Of The Week…

May 17 2019


Window on INFRA & PROPERTY DEVELOPERS

Confident Outlook For Goodman Group

Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.

May 16 2019


Window on COMMODITIES

Material Matters: LNG, Bulks And Steel

A glance through the latest expert views and predictions about commodities. Trade tensions; LNG; bulks; and steel.

May 15 2019


SMSFUNDAMENTALS

SMSFundamentals: ETFs Get Active

A change of heart from the US SEC may open the door for rapid growth of actively managed ETFs both in the US and Australia.

Apr 16 2019


FEATURE STORIES

Modern Monetary Theory: Global Saviour Or Highway To Hell?

The evidence is in: QE hasn’t worked. How now to stem the global slowdown when all options have been exhausted?

May 15 2019