Daily FNArena News - Australia

Elders expects to still deliver 5-10% growth in operating earnings in FY19 despite a reduced summer crop and continuing dry conditions on Australia’s east coast.

After being plagued by manufacturing issues in FY18 Incitec Pivot has a clean slate, with upside from higher fertiliser prices likely, although oversupply of AN may pressure explosives.

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

The market has slapped Lend Lease down, after a significant write-down for its engineering division, and confidence is expected to take a long time returning.

North American earnings dented James Hardie’s performance in the second quarter as cost pressures were elevated. Brokers believe the sell-off in the stock presents a buying opportunity.

Sales momentum at Domino’s Pizza slowed over the first weeks of FY19 while the numbers of stores being opened appear significantly behind schedule.

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

Commonwealth Bank is moving back to being a retail and business bank and brokers welcome the potential for capital management down the track.

Unibail-Rodamco-Westfield has reiterated 2018 earnings guidance, with dilution from asset sales countering the accretion from the acquisition of Westfield.

The price ResMed is paying for MatrixCare is rich, although brokers accept the deal will significantly expand its offering in home health data analytics.