Australia | Aug 16 2010
Special Note: FNArena subscribers can download an excel file via the Special Reports tab in the FNArena Cockpit (in case the table below is too difficult to read online).
By Rudi Filapek-Vandyck
Assessing the true value of corporate results in Australia and their impact on future valuations and recommendations is not always easy with market commentators and experts often providing different and conflicting views on Financial Television and in mainstream media.
Your editor has taken the effort to assess the first wave of corporate results and updates prior to the tsunami's in corporate reports expected for the final ten days of August.
All assessments have been made on the basis of responses by stockbroking analysts following the release of corporate updates and/or reports. All information below can be checked and double-checked via The Australian Broker Call Report archives on the FNArena website as well as Stock Analysis.
If time and opportunity remain kind to us, we might provide further updates between now and the end of the month.
According to our current updated consensus calculations, FY10 growth in earnings per shares is hovering around 1% and for FY11 consensus EPS growth is now above 20%.
The table below contains 90 companies. I'd like to think the commentary speaks for itself. (Note that I included quarterly reports as well as pre-releases, corporate results and production reports).
Enjoy.
(If you are reading this story through a third party channel and you cannot see the table, we apologise. Technical limitations are to blame. Feel free to check this story out on the FNArena website).
See also "Results Season – The Score So Far" published earlier today, as well as "Rudi's View: Lessons Learned And Observations To Remember " originally published on August 11, but repeated on the website today.