Daily FNArena News - Australia

Brokers praise a powerhouse first half performance by Metcash, driven largely by a faster than expected rise in the hardware segment that now earns more than food

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

Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data

Despite recent iron ore price falls eroding near term upside for iron ore miners, some brokers remain buoyant on the medium-term outlook

Losses in the energy and financial sectors outweighed materials and communication services gains leading to a -0.54% total decline for the ASX200 in November, as volatility increased with news of a new covid variant

Normalisation appears to be on the horizon for Fisher & Paykel Healthcare, after hardware sales have continued to benefit from covid hospitalisations longer than anticipated

Brokers raise earnings forecasts in response to first half results for Collins Foods, as a strong outcome in the Netherlands supports outperformance for KFC Europe

Increased mortgage margin impact in the second half wasn’t enough to halt a $15m upgrade to full-year cash earnings guidance for Pepper Money

While a recent fall in almond prices prompts brokers to lower earnings forecasts for Select Harvests, the medium-term expectation is for a rebound in prices

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