Daily FNArena News - Australia

Brokers are looking forward to a better performance from G8 Education in 2019 as occupancy levels stabilise and supply pressures ease.

Medibank Private has lost its Garrison Health Services contract, a setback in terms of diversifying away from the private health insurance business.

Appen is establishing a trend in guidance upgrades, while indicating revenue has become more evenly spread throughout the year.

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

Packaging provider Pact Group has disappointed brokers, reducing earnings guidance for FY19 on the back of higher costs.

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.