Source: Adobe Stock Image
The ASX reporting season holds significance for ASX investors, as it offers a wealth of information that directly influences their investment decisions. To help you navigate through this critical period, here's our comprehensive guide to the earning season and what you should be aware of.
What Is The ASX Reporting Season?
The ASX reporting season is a designated period during which the majority of companies listed on the Australian Stock Exchange (ASX) disclose their financial results to the broader market. It is an anxiously awaited time for investors and market participants as it provides essential updates on various factors that help assess the financial health and future prospects of publicly listed businesses.
Analysts and investors carefully scrutinise these reports to gain insights into the company's short-term and long-term outlook. The announcements made during this period can significantly influence investor sentiment and impact share prices, while also providing an archive of past performance and an avenue to predict future performance. Depending on whether companies meet or miss investors' expectations with their financial results and dividend distributions, share prices can experience notable fluctuations during the earnings report season. Positive results and optimistic forecasts tend to lead to a surge in share prices, while disappointing reports can result in a decline.
Staying updated with the financial outcomes and forecasts of various companies can be challenging, considering the large number of companies reporting within a condensed time frame. To assist investors in navigating the reporting season, it's essential to have access to reliable sources that provide insights on the ASX reporting calendar and updates on the ASX.
With the help of such resources, investors can stay informed about important announcements and make well-informed decisions during this critical period.
When is each of the ASX Reporting Seasons?
Generally speaking, the ASX reporting season occurs twice a year, in February and August. ASX-listed companies are required to share their financial results with shareholders at least twice a year, and this should be done within two months of their balance sheet date.
The main reporting season usually falls in August when many companies disclose their full-year financial results. For half-year results, companies typically release them in February. The reason for this timing is that a significant number of companies have a balance sheet date of 30 June.
It's essential to understand that not all companies adhere to these specific reporting periods since their balance sheet dates may differ from the standard. Consequently, some companies may release their financial reports at different times of the year.
To keep investors well-informed, companies often publish their scheduled earnings report release dates on their official websites. By regularly checking these websites, stakeholders can stay up-to-date with important financial announcements and make informed decisions based on the company's performance updates.
Take a look at our summary of the August 2023 reporting season calendar:
Wed 26 July
Rio Tinto Ltd
Tue 1 August
Credit Corp Group
Wed 2 August
Thurs 3 August
Tue 8 August
James Hardie Industries
Wed 9 August
Commonwealth Bank of Australia | Suncorp Group Ltd
Thurs 10 August
AMP Ltd | Arena REIT | QBE Insurance Group LTD | Boral Ltd | Downer EDI Ltd | AGL Energy Ltd
Fri 11 August
Baby Bunting Group | Newcrest Mining Ltd | Charter Hall Retail Reit
Mon 14 August
Argo Investments Ltd | Beach Energy Ltd | Aurizon Holdings Ltd | GPT Group | LendLease Group | GWA group Ltd | Bendigo & Adelaide Bank Ltd | carsales.com Ltd | Ansell Ltd
Tue 15 August
SEEK Ltd | Cochlear Ltd | Challenger Ltd | CSL Ltd | Treasury Wine Estates Ltd
Wed 16 August
Domain Holdings Australia | Mirvac Group | Endeavour Group | Transurban Group | Bapcor Ltd | Vicinity Centres | Netwealth Group
Thurs 17 August
Hotel Property Investments Ltd | Ridley Corp Ltd | Super Retail Group Ltd | Sonic Healthcare Ltd | Seven Group Holdings | Southern Cross Media Group | Inghams Group | Origin Energy Ltd | Blackmores Ltd | Evolution Mining Ltd | ASX Ltd | Goodman Group | Growthpoint Properties Australia | Telstra Corp Ltd
Fri 18 August
Allkem Ltd | Nuix Ltd | Magellan Financial Group
Mon 21 August
BlueScope Steel Ltd | Insurance Australia Group Ltd | IRESS Ltd | Reliance Worldwide Corp | Adairs Ltd | The a2 Milk Company | Charter Hall Group | Breville Group Ltd | Ampol Ltd | NIB Holdings Ltd | Altium Ltd
Tue 22 August
Viva Energy Group | Redbubble Ltd | BHP Group Ltd | Megaport Ltd | Helia Group | ARB Corporation | Monadelphous Group Ltd | Coles Group Ltd | AUB Group | Woodside Energy Group | Monash IVF Group Ltd | G8 Education Ltd
Wed 23 August
Estia Health Ltd | McMillan Shakespeare Ltd | Woolworths Group Ltd | SkyCity Entertainment Group | Iluka Resources Ltd | Perpetual Ltd | WiseTech Global Ltd | Domino’s Pizza Enterprises Ltd | APA Group | Santos Ltd | Emeco Holdings Ltd |
Thurs 24 Aug
Ramsay Health Care Ltd | Qube Holdings Ltd | QANTAS Airways Ltd | Insignia Financial Ltd | St Barbara Ltd | Whitehaven Coal Ltd | Nine Entertainment Co | South 32 Ltd | Tabcorp Holdings Ltd | Star Entertainment Group | Stockland | Cleanaway Waste Management | Medibank Pvt Ltd | Auckland International Airport Ltd
Fri 25 August
Mayne Pharma Group | Coventry Group | Wesfarmers Ltd | Ardent Leisure Group | Costa Group Holdings | Michael Hill International Ltd
Mon 28 August
Link Administration Holdings | InvoCare Ltd | Fortescue Metals Group | Appen Limited
Tue 29 August
Adbri Ltd | Johns Lyng Group
Wed 30 August
Brambles Ltd | Flight Centre Travel Group | Healuis Ltd
Thu 31 August
IGO Ltd | Atlas Arteria | Cromwell Property Group
What Information Is Disclosed Within The Reports?
During the reporting season, companies release information on their earnings, profits, losses, and other pertinent financial details such as the dividends they intend to pay.
Financial reports are comprehensive and audited documents that present a company's financial statements, detailing its performance and providing valuable insights into a company's management practices and its ability to meet its financial obligations.
Some of the documents within a financial report include:
- Cash flow statements
- Income statements
- Balance sheets
Why Is It Important For Investors To Be Aware Of A Company's Performance?
For ASX investors, reporting season holds immense significance as it directly affects their shareholdings and investment decisions.
Assessing the financial health of companies through their earnings reports is crucial for investors to manage their portfolios effectively. It helps them identify well-performing companies with potential for growth and stability, as well as those facing challenges or exhibiting signs of financial weakness.
This crucial information helps an investor in deciding whether to hold onto their current investments, increase their positions in promising companies, or reevaluate their portfolio allocations based on the financial performance and outlook of the companies they are invested in.
Australian Stock Report Pty Ltd ABN 94 106 863 978. All rights reserved.
All information in this article is of general nature only; it is not intended or to be construed as an offer, solicitation or recommendation for any financial product and does not take into account your financial situation, objectives or needs. Before acting on the information herein you should consider whether it is appropriate for you in light of your personal circumstances. Where applicable, you should obtain and consider a Product Disclosure Statement, Prospectus or other relevant disclosure material and seek professional investment advice prior to making any decision to acquire or dispose of a financial product. Investing in financial markets and instruments involves risks, including loss of some or all capital. The payment of income and the return of capital are not guaranteed. Past performance is not an indicator of future performance. Whilst the information presented herein is believed to be reliable and obtained from trusted sources, ASR does not make any representations as to its accuracy or completeness.