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

Analysts have labelled downgrades issued by OZ Minerals unsurprising in the wake of similar declines for peers, as the mid-cap mining sector continues to feel the pressure of the inflationary environment

After Metcash delivered FY22 results ahead of expectations, brokers assess the impact from cost of living pressures and a turn in the housing cycle

While supportive macro conditions drive a strong near-term outlook for GrainCorp, the company is focused on longer-term growth initiatives

Brokers make minor adjustments to target prices for TPG Telecom following a strategy day that focused upon new targets and up-sell opportunities

Index insights produced by the National Australia Bank have demonstrated an increase in consumer stress as the cost of living rises amid an inflationary environment

“Stunned, shocked, surprised,” was one broker’s response to the Queensland government’s significant coal royalty increase. What impact on coal miners?

Taking a sizeable share of the local government software provision market, ReadyTech has announced the acquisition of IT Vision

A young demographic, less likely to be exposed to rising mortgage costs and the impacts of rate hikes, looks to be Universal Store’s saving grace as discretionary retail peers feel the pressure of inflation.

GUD Holdings’ downgrade to FY22 earnings guidance has caused analysts to cut forecasts, also pulling back valuations and price targets