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.

Robust US economic conditions in FY19 should support ResMed amid stable pricing and an expanding product pipeline.

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

Brokers are adding up the substantial returns expected from Rio Tinto over the next 12 months, as the company signals an intention to pay out proceeds from asset sales.

The potential for costs to creep back into production from sourcing satellite ore was a feature of Regis Resources’ June quarter report, instigating a sell off in the shares.

Cash conversion was strong at GUD Holdings in FY18 and brokers highlight the potential for the company to consolidate its position in the automotive segment.

Reactions to Independence Group’s downgrade to reserves at Nova have been mixed but brokers generally agree mine life has been shortened.

Delays to the high-grade feed at Monty and the looming end to DeGrussa’s mine life are pressuring Sandfire Resources to find and develop more copper-gold resources.

AMP has “reset” its expectations, implying a profit warning, but brokers fear there is likely still more to come as uncertainties remain.

Fortescue Metals delivered record June quarter shipments but brokers remain concerned about the lack of detail on capex in FY19, hoping some uncertainties will be allayed in the August results.