Daily FNArena News - Australia

TechnologyOne has guided to FY18 profit growth of 10-15%, which suggests a substantial turnaround is required in its consulting division.

Seven Group Holdings has reiterated upgraded FY18 guidance and briefed investors on its WesTrac and Coates Hire operations.

CSL is benefiting as new products replace older lines and new specialty treatments come on board, upgrading guidance and widening the margin outlook as costs are lowered.

Brokers are relieved at how Treasury Wine Estates dealt with speculation that inventory was building up in China. Nevertheless, they disagree on valuation.

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

A transition to new infant formula packaging appears to have slowed revenue growth for a2 Milk but brokers believe the share price has over-reacted.

Innovation remains a central theme at packaging business Orora. Brokers are confident in the expectations for Australasia while North America remains challenged and there is potential for further investment in that division.

Steel spreads have increased strongly and BlueScope’s North Star mill in Ohio is enjoying the benefit, resulting in an upgrade to the company’s second half guidance.

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

Intense competition is persisting for Telstra and brokers suggest it may be only a matter of time before the company has to cut its dividend, again.