Daily FNArena News - Australia

Uncertainty regarding where the next “gold rush” is coming from has put pressure on Newcrest Mining but several brokers believe the answer may be closer than generally believed.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.

The success of digital gaming holds the key for Aristocrat Leisure in the short term as the land-based business has been heavily affected by the closure of casinos, and a full recovery is not expected until FY22.

Favourable winter cropping conditions are likely to mean a big improvement in demand for farm inputs from Elders, benefiting the second half and into FY21.

TechnologyOne still expects to be a beneficiary of the changes in software delivery although brokers are finding the valuation increasingly full.

Momentum in new construction has carried James Hardie through to a strong start to FY21, although the full impact of the lockdowns is yet to be felt.

Graincorp is a much simpler business, having divested two divisions in the first half, and now looks forward to a better winter harvest and less volatile earnings profile.

After Breville sustained strong sales of its appliances in the first four months of 2020, brokers are asking just how resilient the business will be as the pandemic continues to pressure household incomes.

Depressed building activity heading into FY21 makes it hard to assess the earnings outlook for Boral, despite the company shoring up its balance sheet.

FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.