Daily FNArena News - Australia

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

Adelaide Brighton has slashed net profit estimates for 2019. Brokers believe the housing market alone cannot be blamed.

CYBG is underperforming a weak UK banking sector, as redemptions and margin pressures take their toll. Then there is Brexit.

Orica believes its technological breakthrough should offer a competitive advantage and contribute to earnings growth in FY21. Yet brokers assess the positive outlook is already factored into the shares.

Credit Corp delivered its traditionally conservative guidance at its FY19 results and brokers assess where the upside may lie.

After a strong FY19, sleep apnoea specialist ResMed is expected to make further inroads into market share in FY20 with its “connected-care” strategy.

Weaker economic conditions and increased competition look like hampering automotive and water product distributor GUD Holdings in the year ahead.

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

Will iron ore prices peak soon? Several brokers ponder the outlook for Fortescue Metals, with the stock heavily leveraged to the fortunes of the commodity.

Western Areas is currently benefiting from a surge in the nickel price, although there are questions over whether the increase is sustainable in the short term.