Daily FNArena News - Australia

Unusually, Fortescue Metals decided to pay a dividend outside of the standard reporting season and brokers expect there will be plenty more.

Accounting software provider Xero passed several milestones in its FY19 results and brokers assess the substantial opportunities that lie ahead.

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

Industrial property developer Goodman Group is increasingly confident in the opportunities inherent in its global land bank, reaffirming a robust outlook.

Further delays to the acquisition of the OnePath wealth business have meant brokers are reassessing the earnings outlook for IOOF.

The third quarter was always going to be the weakest for Commonwealth Bank, and a range of new customer initiatives signals the re-basing of its business is significant.

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.