Earnings season week three preview

Earnings season week three is going to be a big one with results from the likes of CSL Limited (ASX:CSL), Domino's Pizza Enterprises Ltd (ASX:DMP), and Telstra Corporation Ltd (ASX:TLS)…

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There's another busy week of earnings ahead for the Australian share market.

Here is a preview of week three of earnings season:

Monday.

The third week of earnings season kicks off with results from regional bank Bendigo and Adelaide Bank Ltd (ASX: BEN), embattled retailer JB Hi-Fi Limited (ASX: JBH), freight operator Aurizon Holdings Ltd (ASX: AZJ), steel giant BlueScope Steel Limited (ASX: BSL), property listing company Domain Holdings Australia Ltd (ASX: DHG) and property investment company GPT Group (ASX: GPT).

The market is bracing for a weak result from JB Hi-Fi following a sudden deterioration in the performance of its Good Guys business. The Bloomberg consensus estimate is for a net profit after tax of $230.8 million.

Tuesday.

On Tuesday annuities company Challenger Ltd (ASX: CGF), hearing solutions company Cochlear Limited (ASX: COH), and coal miner Whitehaven Coal Ltd (ASX: WHC) are scheduled to release their respective results.

But the highlight of the day will be the release of the highly anticipated results of pizza chain operator Domino's Pizza Enterprises Ltd (ASX: DMP). After a soft first-half of FY 2018 the company will need to have had a stunning second-half to meet its net profit after tax growth guidance of 20%.

Wednesday.

A large number of companies are scheduled to release their results on Wednesday. Highlights include biotech giant CSL Limited (ASX: CSL), insurance company Insurance Australia Group Ltd (ASX: IAG), job listings company SEEK Limited (ASX: SEK), and conglomerate Wesfarmers Ltd (ASX: WES).

According to the Bloomberg consensus estimate, analysts are looking for net profit after tax of $1.71 billion from CSL, $1.1 billion from Insurance Australia Group, $206.4 million from SEEK, and $2.64 billion from Wesfarmers.

Thursday.

It will be an equally busy day of results on Thursday with highlights including funeral operator InvoCare Limited (ASX: IVC), insurance giant QBE Insurance Group Ltd (ASX: QBE), and embattled telco company Telstra Corporation Ltd (ASX: TLS). All eyes will be on Telstra for guidance on FY 2019, particularly with its dividend. A dividend cut is widely expected next year.

Friday.

Week three of earnings season comes to an end with results expected from e-commerce company Kogan.com Ltd (ASX: KGN), administration services company Link Administration Holdings Ltd (ASX: LNK), and healthcare company Primary Health Care Limited (ASX: PRY).

The market is expecting net profit after tax of $15.4 million, $139.4 million, and $94.8 million, respectively.

Motley Fool contributor James Mickleboro owns shares of SEEK Limited. The Motley Fool Australia owns shares of and has recommended Telstra Limited and Wesfarmers Limited. The Motley Fool Australia owns shares of Insurance Australia Group Limited. The Motley Fool Australia has recommended InvoCare Limited, Kogan.com ltd, and SEEK Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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