Daily FNArena News - Australia

Stockland has reaffirmed FY18 guidance after a firm March quarter in which retail sales growth picked up and residential sales eased.

A short life at the DeGrussa mine constrains the upside for Sandfire Resources, unless there is material success on the exploration front and the company progresses with Black Butte in a timely manner.

While all acknowledge robust earnings growth in the March quarter, brokers diverge on whether the outlook for ResMed justifies an outperform rating.

Vocus Group has temporarily extended its debt covenants after withdrawing its NZ assets for sale. Will an equity raising be forthcoming?

Several issues, mostly one-off, plagued Blackmores in the March quarter and some brokers query whether the growth profile justifies the elevated valuation.

Costs were higher than forecast for lithium miner Galaxy Resources in the March quarter and brokers await process enhancements, expected to improve the production profile going forward.

Link Administration has made a surprise equity raising and brokers suspect a small acquisition may be in the offing.

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

NextDC has announced a capital raising to fund development of three new data centres, although brokers suggest patience is required to realise the opportunity.

Brokers concede Bank of Queensland has a revenue problem yet some are willing to bypass the competitive pressures because of the strong capital position and robust dividend.