FINANCIAL NEWS

Bank of Queensland: Beautiful One Day

Bank of Queensland’s result beat forecasts but brokers claim low quality, and line up to retain Sell ratings

12:12 PM


The Short Report – 18 Apr 2024

FNArena’s weekly update on short positions in the Australian share market

11:46 AM


Australian Broker Call *Extra* Edition – Apr 18, 2024

Extra Edition of the Broker Call Report

10:30 AM


Material Matters: Gold, Gold Stocks & Rare Earths

A glance through the latest expert views and predictions about commodities: potential upside as gold stocks bridge the gap to a surging gold price; plus rising rare earths price forecasts

10:00 AM


The Overnight Report: Reality Check

A maker of machines that make AI chips posted a weak earnings result last night, triggering selling in the space. S&P500 down -0.6%. (Available for non-subscribers after 10am)

8:58 AM


Citi rates BOQ as Sell

Bank of Queensland's 1H cash earnings exceeded prior forecasts made by Citi and consensus by 6%, but was arguably a low-quality result driven by lower opex (more costs being capitalised) and lower bad and doubtful debts. 

While the broker feels the bottom has been reached for the current earnings contraction cycle, the analysts see uncertainty for the medium-term outlook. Management conceded there was no discernible pathway to the company's FY26 targets, highlight the analysts.

The Sell rating and $5.05 target are maintained.

Bell Potter rates TNE as Buy

When TechnologyOne reports second half earnings in May, Bell Potter expects mid-teens earnings growth to mostly be driven by strong top line growth with only a modest improvement in the margin, consistent with the first half result.

The broker expects management to provide its typical guidance of 10-15% profit growth for the full year, but believes this is conservative and likely to be exceeded.

The company exceeded guidance in FY23 with profit growth of 16% and Bell Potter currently forecasts growth of 18% in FY24.

Buy and $18.50 target retained.

Click here to see full report

ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

To display the stock analysis for a company please enter the company code:

EVN | EVOLUTION MINING LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.16

17 Apr
2024

0.290

OPEN

$3.98

7.49%

HIGH

$4.31

20,056,521

LOW

$3.97

TARGET
$4.182 0.5% upside
Franking for last dividend paid out: 100%
FNARENA'S MARKET CONSENSUS FORECASTS
EVN: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 24.9 xxx
DPS (cps) xxx N/A 9.9 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.1 xxx
Dividend Yield xxx N/A 2.5% xxx
Div Pay Ratio(%) xxx N/A 39.7% xxx

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DAILY FINANCIAL NEWS

Bank of Queensland: Beautiful One Day

Bank of Queensland’s result beat forecasts but brokers claim low quality, and line up to retain Sell ratings

12:12 PM - Australia


A glance through the latest expert views and predictions about commodities: potential upside as gold stocks bridge the gap to a surging gold price; plus rising rare earths price forecasts

10:00 AM - Commodities


Wealth platform Hub24 has marked a record March quarter of inflows but will see revenue margins fall from here

Apr 17 2024 - Australia


A glance through the latest expert views and predictions about commodities. Base metal pricing aided by Russian bans along with decarbonisation tailwinds; plus price forecasts for coal and iron ore

Apr 17 2024 - Commodities


The Chartist reports the trend for the copper price remains to the upside, but a breather is likely soon

Apr 17 2024 - Technicals


Domino’s Pizza’s rapid covid era expansion in Japan has led to difficulties, impacting on store rollout and sales growth plans

Apr 16 2024 - Australia


RUDI'S VIEWS

Rudi’s View: Shaky Sentiment Ahead Of Corporate Updates

In this week's Weekly Insights: -Shaky Sentiment Ahead Of Corporate Updates-Everybody's A Gold Bull-Best Buys & Conviction Calls By Rudi…

Apr 17 2024

DAILY MARKET REPORTS

Australian Broker Call *Extra* Edition – Apr 18, 2024

Extra Edition of the Broker Call Report

10:30 AM


The Overnight Report: Reality Check

A maker of machines that make AI chips posted a weak earnings result last night, triggering selling in the space. S&P500 down -0.6%. (Available for non-subscribers after 10am)

8:58 AM


Today’s Financial Calendar – 18-04-2024

Significant Scheduled Events For 18 April, 2024

8:15 AM


ASX Winners And Losers Of Today – 17-04-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Apr 17 2024


The Overnight Report: Dead Cat

An attempt at a modest bounce on Wall Street last night failed at the death. S&P500 down -0.2%. (Available for non-subscribers after 10am)

Apr 17 2024


Today’s Financial Calendar – 17-04-2024

Significant Scheduled Events For 17 April, 2024

Apr 17 2024


ASX Winners And Losers Of Today – 16-04-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Apr 16 2024


WEEKLY REPORTS

The Short Report – 18 Apr 2024

FNArena’s weekly update on short positions in the Australian share market

11:46 AM

Weekly Update On LICs & LITs – 16-Apr-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Apr 16 2024

Uranium Week: Much To Discuss

Ahead of this week’s global nuclear conference, the uranium spot price ticked higher last week as the SPUT stepped in with buying

Apr 16 2024


Australian Listed Real Estate Tables – 15-04-2024

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Apr 15 2024

Weekly Ratings, Targets, Forecast Changes – 12-04-24

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

Apr 15 2024

In Case You Missed It – BC Extra Upgrades & Downgrades – 12-04-24

A summary of the highlights from Broker Call Extra updates throughout the week past

Apr 12 2024


Weekly Top Ten News Stories – 12 April 2024

Our top ten news stories from 04 April 2024 to 11 April 2024

Apr 12 2024

Next Week At A Glance – 15-19 Apr 2024

A brief look at important company events and economic data releases next week

Apr 12 2024

In Brief: Pro Medicus, Trump’s Trade War & Resi Construction

Weekly Broker Wrap: aggressive new target price for Pro Medicus; fears of a new Trump-inspired trade war; the best REITs for falling interest rates; and lagging starts figures for residential construction

Apr 12 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    18 April 2024   Updated : 17:42   AEDT

    SPI Overnight

    7665.00

    +20.00

    0.26%

    NZ50

    11836.040

    -39.310

    -0.330%

    All Ordinaries

    7898.90

    +37.90

    0.48%

    S&P ASX 200

    7642.10

    +36.50

    0.48%

    S&P ASX 300

    7593.80

    +35.60

    0.47%

    Communication Services

    1495.20

    -3.80

    -0.25%

    Consumer Discretionary

    3409.20

    +6.90

    0.20%

    Consumer Staples

    11833.50

    +4.50

    0.04%

    Energy

    10586.30

    -10.40

    -0.10%

    Financials

    7144.20

    +46.60

    0.66%

    Health Care

    40831.40

    -194.80

    -0.47%

    Industrials

    7031.50

    +28.00

    0.40%

    Info Technology

    2133.80

    +21.40

    1.01%

    Materials

    18209.80

    +179.00

    0.99%

    Real Estate

    3522.40

    +18.60

    0.53%

    Utilities

    8706.50

    +43.20

    0.50%

    A-REITs

    1599.60

    +8.70

    0.55%

    All Technology Index

    2961.90

    +20.40

    0.69%

    Banks

    2958.90

    +21.50

    0.73%

    Gold Index

    7832.00

    +3.20

    0.04%

    Metals & Mining

    6007.70

    +61.90

    1.04%

    Click item/line to change chart

  • Australasia

    18 April 2024   Updated : 17:42   AEDT

    AUD/USD

    0.6446

    +0.00

    0.26%

    AUD/NZD

    1.0878

    +0.00

    0.05%

    NZD/USD

    0.5926

    +0.00

    0.22%

    AUD/JPY

    99.45

    +0.08

    0.08%

    SGD/AUD

    1.14

    0.00

    -0.08%

    AUD/EUR

    0.6036

    0.00

    -0.07%

    AUD/GBP

    0.5168

    +0.00

    0.25%

    AUDCAD

    0.8869

    0.00

    -0.06%

  • World

    18 April 2024   Updated : 17:42   AEDT

    CAD/USD

    0.7269

    +0.00

    0.33%

    EUR/JPY

    164.76

    +0.22

    0.13%

    EUR/USD

    1.0680

    +0.00

    0.32%

    GBP/USD

    1.2470

    0.00

    -0.01%

    USD/JPY

    154.26

    -0.29

    -0.19%

    Click item/line to change chart

  • World

    18 April 2024   Updated : 17:42   AEDT

    FTSE100

    7886.37

    +38.38

    0.49%

    DAX30

    17821.65

    +51.63

    0.29%

    Hang Seng

    16408.15

    +156.31

    0.96%

    Nikkei 225

    38079.70

    +117.90

    0.31%

    DJIA

    37753.31

    -45.66

    -0.12%

    S&P500

    5022.21

    -29.20

    -0.58%

    Nasdaq Comp

    15683.37

    -181.88

    -1.15%

    S&P500 VIX

    17.92

    -0.48

    -2.61%

    US 10-year yield

    0.000

    0.000

    0.000%

    USD Index

    105.94

    -0.41

    -0.39%

  • Aus Stocks

    18 April 2024   Updated : 17:42   AEDT

    Amcor (US)

    8.83

    0.00

    0.00%

    Newmont (US)

    38.56

    +0.45

    1.18%

    Rio Tinto (UK)

    5393.00

    +5.00

    0.09%

    BHP Group (US)

    58.41

    +1.45

    2.55%

    Rio Tinto (US)

    66.78

    +1.09

    1.66%

    ResMed (US)

    173.83

    -11.03

    -5.97%

    South32 (UK)

    171.11

    +0.31

    0.18%

    James Hardie (US)

    34.73

    -0.63

    -1.78%

    Janus Henderson (US)

    30.74

    -0.08

    -0.26%

    Click item/line to change chart

  • Metals & Minerals

    18 April 2024   Updated : 07:40   AEDT

    Gold (oz)

    2360.20

    -22.00

    -0.92%

    Silver (oz)

    28.15

    +0.10

    0.36%

    Copper (lb)

    4.2980

    +0.03

    0.81%

    Aluminium (lb)

    1.1583

    +0.01

    0.63%

    Nickel (lb)

    8.1715

    +0.15

    1.90%

    Zinc (lb)

    1.2703

    +0.03

    2.20%

    Copper (t)

    9551.00

    +77.00

    0.81%

    Aluminium (t)

    2574.00

    +16.00

    0.63%

    Nickel (t)

    18159.00

    +338.00

    1.90%

    Zinc (t)

    2823.00

    +61.00

    2.21%

    Uranium (lb) weekly

    90.00

    +1.25

    1.41%

    Iron Ore (t)

    107.30

    +1.23

    1.16%

  • Energy

    18 April 2024   Updated : 07:40   AEDT

    West Texas Crude

    82.69

    -2.67

    -3.13%

    Brent Crude

    87.45

    -2.71

    -3.01%

CALENDAR

Thursday, 18 April 2024
AU NAB business confidence, Q1
AU unemployment, Mar
US exisiting home sales, Mar
US Philadelphia Fed activity index, Apr
AMP quarterly report
BHP quarterly production report
CGF quarterly report
EDV quarterly report
GOZ quarterly report
STO quarterly production report
TCL quarterly report
TRS ex-div 10c (100%)
Friday, 19 April 2024

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$33.47

CSL CSL LIMITED

$271.40

REA REA GROUP LIMITED

$176.55

TNE TECHNOLOGY ONE LIMITED

$15.85

WOW WOOLWORTHS GROUP LIMITED

$31.75

WEEKLY PDF

Stories To Read From FNArena


WEEK 15

WEEK 14

WEEK 13

WEEK 12

WEEK 11

FNARENA TALKS

FNARENA WINDOWS

Window on BANKS

Bank of Queensland: Beautiful One Day

Bank of Queensland’s result beat forecasts but brokers claim low quality, and line up to retain Sell ratings

12:12 PM


Window on MINING

Material Matters: Gold, Gold Stocks & Rare Earths

A glance through the latest expert views and predictions about commodities: potential upside as gold stocks bridge the gap to a surging gold price; plus rising rare earths price forecasts

10:00 AM


Window on WEALTH MANAGEMENT & INVESTMENTS

Award-Winning Hub24

Wealth platform Hub24 has marked a record March quarter of inflows but will see revenue margins fall from here

Apr 17 2024


FEATURE STORIES

Is AI All It’s Cracked Up To Be?

AI is a game-changer, analysts agree, but there remain questions over predicted productivity gains, potential job losses, costs, power requirements and how long AI adoption will take

Apr 10 2024