Earnings season to kick off, eyes on outlook

Earnings season to kick off, eyes on outlook
Earnings season is to kick off this week. (Image: Getty)
Rebecca Howard
Bullish outlook statements in the upcoming round of corporate earnings are likely to be rare given the economic backdrop, analysts from Craigs Investment Partners say. “This reporting season is likely to be close to the low point for the real economy with a further six months [to June 24] likely to be weak,” they said. Many companies have been hit by weaker consumer demand in a high interest-rate environment. Companies largely begin to report from next week. Fletcher Building. One of the first cabs off the r...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024