As we enter the final stages of the reporting period, we find the aggregate results have been fine…
There are small downgrades of 0.4% to June 2024 ASX 200 earnings per share, these are not as big as a normal reporting season downgrade of 0.7%
MST Strategist Hasan Tevfik, notes if we include the effect of a weakening AUD during the reporting period, we find ASX 200 EPS has been downgraded by just 10 basis points.
As always, there have been good, bad and ugly in the reporting period, and the shares prices are reflecting this.
Figure 5: Financials have been the leaders this reporting period
ASX 200 major sector revisions to June 2024 during current reporting period
Figure 9: The Ugly, the biggest downgrades so far
ASX 200 companies with more than a 5% downgrade to June 2024 EPS (calendarised for non-June year-end companies).
With earnings season winding down by the end of February, there has been much discussion on supermarkets, companies upgrading and what will occur next. To read more on wealth management strategies, portfolio advisory and Frais Capital, Our Services | Frais Capital provides an overview.
Listen to Siobhan Blewitt on Monday 26th February at 7am on Disrupt Radio with Libbi Gorr to hear more about the week ahead in the economy and finance markets.
