Daily FNArena News - Australia

Blackmores’ first half profit warning has sent analysts into a scramble to downgrade forecasts, but turnaround potential has been boosted by a shift in strategy.

Alacer Gold’s oxide resource expansion at Copler holds significant promise while the sulphide plant pleased brokers with steady production throughout the September quarter.

Jewellery retailer Lovisa Holdings continues to expand and invest in new markets, now operating 33 stores across the US, considered its main opportunity.

Despite higher refining margins, the focus is on Viva Energy’s retail fuel offering, which is likely to remain pressured by competition.

While ResMed has recovered its lead in the sleep disorder market, several brokers suspect stellar growth rates may taper.

Cleanaway Waste is now relying on cost reductions and price increases to deliver growth in the second half of FY20, guiding to a flat first half.

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

Bell Potter is critical of wealth manager IOOF Holdings, which is yet to provide updated details on earnings and synergies from its reinvigorated ANZ P&I transaction.

Brokers flag heightened potential for Westpac Bank to cut its dividend and/or underwrite its dividend reinvestment plan after more remediation provisions were announced.

Megaport maintained a focus in the September quarter on rolling out its latest product to new metro locations, providing the potential for materially higher revenue per customer.