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.

Despite a hostile housing environment, REA Group posted a robust March quarter, improving its depth penetration and take-up of new products.

Explosives company Orica produced a robust first half result, as market conditions improved and several issues with manufacturing were largely resolved. Burrup continues to concern brokers.

Amid flat loan growth in the March quarter, brokers ponder the prospect of Suncorp separating its banking business.

Brokers laud CSR for being on the front foot in mitigating the volume losses from the housing downturn, yet expect FY20 will be a challenging year.

There is a modest financial benefit in the agreement struck between Aurizon and its coal haulage customers. Of greater significance to brokers is the mending of a sometimes fractious relationship.

The outlook for GrainCorp is hazy, as the company proceeds with plans to divest and restructure businesses in the wake of LTAP pulling its acquisition proposal.

Pressure on margins, slowing loan growth and significant remediation charges are likely to colour the outlook for Westpac for some time.

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

After posting profit of $2.98bn in FY19 Macquarie Group has somewhat unsettled investors by suggesting FY20 outcomes could be more subdued.