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FNArena Reporting Season Monitor

Australia | Aug 17 2017

This story features ARB CORPORATION LIMITED, and other companies. For more info SHARE ANALYSIS: ARB

Download related file: FNArena-Reporting-Season-Monitor-17-08-17

Welcome to the FNArena Reporting Season Monitor for the August 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.

Today's Reports: Aveo Group ((AOG)), ARB Corp ((ARB)), Computershare ((CPU)), CSL ((CSL)), Dexus Property Group ((DXS)), Fairfax Media ((FXJ)), Fletcher Building ((FBU)), Iluka Resources ((ILU)), InvoCare ((IVC)), iSelect ((ISU)), Mineral Resources ((MIN)), Origin Energy ((ORG)), Pact Group Holdings ((PGH)), Sealink Travel Group ((SLK)), Seek ((SEK)), Service Stream ((SSM)), Seven West Media ((SWM)), Sonic Healthcare ((SHL)), Stockland ((SGP)), Vicinity Centres ((VCX)), Villa World ((VLW)), Westfield Corp ((WPL)), Woodside Petroleum ((WPL))

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 releases 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.

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

ARB CPU CSL DXS FBU ILU IVC MIN ORG PGH SEK SGP SHL SSM SWM VCX

For more info SHARE ANALYSIS: ARB - ARB CORPORATION LIMITED

For more info SHARE ANALYSIS: CPU - COMPUTERSHARE LIMITED

For more info SHARE ANALYSIS: CSL - CSL LIMITED

For more info SHARE ANALYSIS: DXS - DEXUS

For more info SHARE ANALYSIS: FBU - FLETCHER BUILDING LIMITED

For more info SHARE ANALYSIS: ILU - ILUKA RESOURCES LIMITED

For more info SHARE ANALYSIS: IVC - INVOCARE LIMITED

For more info SHARE ANALYSIS: MIN - MINERAL RESOURCES LIMITED

For more info SHARE ANALYSIS: ORG - ORIGIN ENERGY LIMITED

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

For more info SHARE ANALYSIS: SEK - SEEK LIMITED

For more info SHARE ANALYSIS: SGP - STOCKLAND

For more info SHARE ANALYSIS: SHL - SONIC HEALTHCARE LIMITED

For more info SHARE ANALYSIS: SSM - SERVICE STREAM LIMITED

For more info SHARE ANALYSIS: SWM - SEVEN WEST MEDIA LIMITED

For more info SHARE ANALYSIS: VCX - VICINITY CENTRES