Australia remains the key source of business for education provider Navitas but brokers expect weakness in the US and UK will stymie growth.
A summary of the previous session’s corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Media intelligence business iSentia has disappointed the market, downgrading FY17 guidance for the third time and writing down the value of its King Content division to zero.
A glance through the latest expert views and predictions about commodities. Thermal coal; oil; copper scrap.
Robust production outcomes for Origin Energy in the June quarter were driven by a record performance at APLNG. Gas production at Otway Basin also exceeded expectations.
Michael Gable of Fairmont Equities notes Fortescue Metals has formed an inverse head and shoulders.
FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Goldman Sachs has downgraded Treasury Wine Estates to Sell, suggesting Chinese demand growth is abating.
Strength in its land & development portfolio has caused Brickworks to substantially upgrade net profit guidance in FY17 but the company also expects operating earnings in building products to be lower.
Exploration success has become increasingly important to Sandfire Resources and several brokers downgrade the stock in the face of investor caution.
Craig Parker of Moat Capital suggests the range is yet to be broken but 5500 may still be the target.
