Analysts watch for faltering economy in August earnings

The health of companies during reporting season offers clues to the health of the economy. (Image: Getty)

Wed, 10 Aug 2022

Equity analysts will be watching for signs of an economic slowdown as a slate of NZ Stock Exchange-listed companies report their earnings this month. Reporting season begins in earnest next Monday when Contact Energy reports its full-year results and then more than 30 companies give updates throughout August.Investors appear to be expecting some weakness in future earnings and have sold growth and cyclical stocks down almost 30% in the past 12 months.“The market is clearly expecting bad news, and for good reason,” Forsyth Barr&...

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