Reporting season: strong for now, but dark clouds gather

Reporting season: strong for now, but dark clouds gather
NZX companies had one of the strongest reporting season in years. (Image: Supplied)
Dan Brunskill
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...

More Markets

NZX 50 ends the week down 1.5% in flurry of index reweighting
Markets Market close

NZX 50 ends the week down 1.5% in flurry of index reweighting

The S&P/NZX 50 index dropped 89.42 points, or 0.8%, to 11,682.39.

Paul McBeth 21 Jun 2024
KMD Brands guidance undershoots analysts' forecasts
Retail

KMD Brands guidance undershoots analysts' forecasts

Group sales between February and May have fallen 8.4% year-on-year.

Analysts downgrade Channel Infrastructure
Infrastructure

Analysts downgrade Channel Infrastructure

The move follows BP's selling its stake.

Ian Llewellyn 21 Jun 2024
NZ shares rally as economy edges out of recession
Markets Market close

NZ shares rally as economy edges out of recession

The S&P/NZX 50 index rose 100.62 points, or 0.9%, to 11,771.81.

Paul McBeth 20 Jun 2024