The February reporting season kicked-off last week with the likes of Tabcorp Holdings Limited (ASX: TAH), Credit Corp Group Limited (ASX: CCP) and Navitas Limited (ASX: NVT) all reporting their first-half results.
This week will see some of the biggest names on the ASX report their results including:
Tuesday:
Transurban Group (ASX: TCL)
The shares have been under pressure as a result of rising bond yields over the past few months but investors can still expect the toll-road operator to deliver another strong operating result. The market will be paying close attention to toll revenue growth, underlying passenger growth and capital management initiatives.
Wednesday:
Carsales.Com Ltd (ASX: CAR)
The company's core domestic operations have been under pressure recently and this has seen the company shift its focus further towards expansion offshore. While Carsales is still a dominant player in the classifieds market, I would want to see double-digit earnings growth before being a buyer at the current share price.
Rio Tinto Limited (ASX: RIO)
Rio Tinto will announce its full-year FY16 results on Wednesday and the market will be expecting a pretty strong result thanks to the recent surge in iron ore prices. According to CommSec, the market will be looking for full-year NPAT of US$4.7 billion and a final dividend of US$1.28.
Thursday:
Suncorp Group Ltd (ASX: SUN)
Suncorp has already warned the market that its natural hazard claims costs will exceed its allowance for the first-half by $40 million but analysts are still expecting the diversified financials company to announce a cash profit of around $600 million. The shares have enjoyed a pretty nice run since November so shareholders will be hoping the company can meet expectations.
AMP Ltd (ASX: AMP)
AMP has been one of the few blue-chip shares that regularly fails to meet market expectations. Although the market is probably not expecting to see any significant improvement in overall group profitability, there will be a focus on its insurance division and whether progress has been made in turning this business around.
AGL Energy Limited (ASX: AGL)
Shares of the energy giant have surged since September after the company upgraded its profit guidance and announced a $596 million share buy-back. The shares are currently trading at 52-week highs and this means AGL Energy cannot afford to miss market expectations
Friday:
REA Group Limited (ASX: REA)
REA Group could potentially disappoint the market with its first-half earnings result as subdued property listing volumes in Sydney and Melbourne start to take their toll. While there is a good chance the market leader could still deliver some earnings growth, investors shouldn't expect it to be anywhere near historical growth levels.
