Monday 20 August 2007

FY07 reporting season

FY07 reporting season really kicks into gear this week. QBE started the week off strongly reporting a more than 50% rise in eps for FY07. Other big names expected to report this week include BHP, TAH, ZFX, SUN, BXB, AMP, PBL, CSL, TOL, STO, FXJ and IAG just to name a few.

So far 60 ASX/S&P200 companies have reported with average earnings growth at a healthy 19.6%. Excluding property trusts that falls to 12.5% however it is still early days. That average is a simple average not a weighted one. Also it includes some companies that are reporting half year results.

Not all ASX/S&P200 companies will report, so I will include results only for those companies whose reporting period ends in either May, June or July. Thus most banks will be excluded.

Click on the image below for a closer look at results to date:


Posted by The Fundamental Analyst  

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2 Comments:

Anonymous said...

dhukka,

The one that immediately catches my attention is RIO.

I will be interested in BHP when they report.

As you probably have gathered, I am not an advocate of their sustainability of earnings, nor their share prices currently.

I have posted some of the latest China/India stats.....not good.

jog on
grant

21 August 2007 at 2:49 am  
The Fundamental Analyst said...

Absolutely,

As I posted on Aussie stock forums recently - where is the upside to the resource stocks? I the best environment for resource stocks the world has ever seen RIO is struggling. BHP is expected to post growth of about 12% - hardly inspiring.

I continue to believe the CHINDIA BRIC argument is old news, the best case scenario is priced in however the risks remain significantly to the downside

21 August 2007 at 8:25 am  

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