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FNArena Reporting Season Monitor

Australia | Feb 23 2017

This story features EAGERS AUTOMOTIVE LIMITED, and other companies. For more info SHARE ANALYSIS: APE

Download related file: FNArena_Reporting_Season_Monitor-23-02

Welcome to the daily FNArena Reporting Season Monitor for the February result season 2017. The Monitor takes the form of a constantly updated Excel table (attached) made available to subscribers on a daily basis. The table includes broker ratings and consensus target price changes and a brief commentary for each reporting company. For further information on the relevance of this information, please see the Guide below.

Latest Reports: AP Eagers ((APE)), APA Group ((APA)), APN News & Media ((APN)), APN Outdoor ((APO)), Apollo Tourism & Leisure ((ATL)), ARB Corp ((ARB)), Astro Japan Property ((AJA)), Blackmores ((BKL)), Cedar Woods Properties ((CWP)), Charter Hall Long WALE REIT ((CLW)), Coca-Cola Amatil ((CCL)), Fairfax Media ((FXJ)), Fletcher Building ((FBU)), Fortescue Metals ((FMG)), Godfreys Group ((GFY)), Healthscope ((HSO)), Helloworld ((HLO)), Huon Aquaculture ((HUO)), Insurance Australia Group ((IAG)), Iress Market Technology ((IRE)), iSentia ((ISD)), McMillan Shakespeare ((MMS)), National Storage REIT ((NSR)), Pact Group Holdings ((PGH)), Qube Holdings ((QUB)), The Reject Shop ((TRS)), Sirtex Medical ((SRX)), Smartgroup Corp ((SIQ)), Steadfast Group ((SDF)), Stockland Corp ((SGP)), Tassal Group ((TGR)), Vocus Communications ((VOC)), Western Areas ((WSA)), WiseTech Global ((WTC)), Woodside Petroleum ((WPL)), Woolworths ((WOW))

Guide:

Each day of the Australian six-monthly reporting season, FNArena provides a summary of broker responses to the previous day's profit result releases from companies under coverage. Readers are reminded that it matters not what actual profit/loss result is posted by each company but by how much that result exceeded/fell short of stock analysts' consensus forecasts. Stock price movements on the day of release, and in many cases for the months following the release, will often be determined by the extent of "beats" and "misses" of underlying earnings as well as company guidance and analyst/management outlook.

A rolling summary table (Excel) is attached to each day's report and will build as the season progresses. Additions are made each day, consistent with release dates, and stocks will then be listed in alphabetical order for ease of use until the full picture of the reporting season emerges.

Note that companies assessed include only those covered by the eight major stockbrokers in the FNArena database and that ratings changes and targets are those provided only by the database brokers.

Note also that "beat" and "miss" assessments are open to an element of subjectivity and not simply a result-versus-consensus-forecast comparison. Mitigating factors include one-off items, top line versus bottom line relevance, forward guidance as an important consideration and so forth. In many cases "profit" per se is not the most relevant performance indicator.

Australian corporate results tend to focus on the profit line, with all its inherent potential for accounting vagaries, tax changes, asset write-downs and other "one-off" impacts. FNArena has focused mostly on underlying earnings results (more in line with Wall Street practice) as a more valuable indicator of whether or not a company has outperformed or underperformed broker expectations. There is also a level of "quality" assessment here rather than simple blind "quantity".

 

Disclaimer:

While FNArena's Reporting Season Monitor is being compiled with great care and our best endeavours, investors should note that we cannot guarantee that all data and information gathered and on display is 100% accurate at all times. FNArena does not accept any responsibility for errors and omissions that can occur. Investors should always do their own research and consult with a financial expert before making investment decisions. FNArena's Reporting Season Monitor is an informative tool, it does not not contain investment advice and should not be treated as such.

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

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CHARTS

APA APE ARB BKL CLW CWP FBU FMG HLO IAG IRE MMS NSR PGH QUB SDF SGP SIQ SRX TRS WOW WTC

For more info SHARE ANALYSIS: APA - APA GROUP

For more info SHARE ANALYSIS: APE - EAGERS AUTOMOTIVE LIMITED

For more info SHARE ANALYSIS: ARB - ARB CORPORATION LIMITED

For more info SHARE ANALYSIS: BKL - BLACKMORES LIMITED

For more info SHARE ANALYSIS: CLW - CHARTER HALL LONG WALE REIT

For more info SHARE ANALYSIS: CWP - CEDAR WOODS PROPERTIES LIMITED

For more info SHARE ANALYSIS: FBU - FLETCHER BUILDING LIMITED

For more info SHARE ANALYSIS: FMG - FORTESCUE LIMITED

For more info SHARE ANALYSIS: HLO - HELLOWORLD TRAVEL LIMITED

For more info SHARE ANALYSIS: IAG - INSURANCE AUSTRALIA GROUP LIMITED

For more info SHARE ANALYSIS: IRE - IRESS LIMITED

For more info SHARE ANALYSIS: MMS - MCMILLAN SHAKESPEARE LIMITED

For more info SHARE ANALYSIS: NSR - NATIONAL STORAGE REIT

For more info SHARE ANALYSIS: PGH - PACT GROUP HOLDINGS LIMITED

For more info SHARE ANALYSIS: QUB - QUBE HOLDINGS LIMITED

For more info SHARE ANALYSIS: SDF - STEADFAST GROUP LIMITED

For more info SHARE ANALYSIS: SGP - STOCKLAND

For more info SHARE ANALYSIS: SIQ - SMARTGROUP CORPORATION LIMITED

For more info SHARE ANALYSIS: SRX - SIERRA RUTILE HOLDINGS LIMITED

For more info SHARE ANALYSIS: TRS - REJECT SHOP LIMITED

For more info SHARE ANALYSIS: WOW - WOOLWORTHS GROUP LIMITED

For more info SHARE ANALYSIS: WTC - WISETECH GLOBAL LIMITED