Reporting season: strong for now, but dark clouds gather

NZX companies had one of the strongest reporting season in years. (Image: Supplied)

Mon, 07 Mar 2022

The February corporate earnings season was one of the strongest in the past couple of years with most NZX-listed companies beating analyst forecasts.Brokerage firm Forsyth Barr said there were seven companies that beat earnings expectations for every two that fell short.Of the 31 companies that had full or half-year results, 21 reported higher earnings per share than forecast. Four were as expected and six reported misses.However, the brokerage warned that the outlook was less encouraging. The split between upgrades and downgrades analysts gave...

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