It will be another busy day of the February ASX earnings season today. Many ASX shares from various sectors are ready to bare all in their latest half-yearly reports.
Will their shareholders be impressed or distressed?
Here's a summary of which companies are releasing results to get you prepared for the day ahead.
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ASX shares lined up to report today
Ranked in order of market capitalisation (largest to smallest)
National Australia Bank Ltd (ASX: NAB), $95.2 billion
Telstra Ltd (ASX: TLS), $47.8 billion
Goodman Group (ASX: GMG), $37.3 billion
Newcrest Mining Ltd (ASX: NCM), $21.7 billion
South32 Ltd (ASX: S32), $21.1 billion
Sonic Healthcare Limited (ASX: SHL), $14.0 billion
ASX Ltd (ASX: ASX), $13.6 billion
Origin Energy Ltd (ASX: ORG), $12.3 billion
Whitehaven Coal Ltd (ASX: WHC), $7.3 billion
Incitec Pivot Ltd (ASX: IPL), $6.8 billion
Evolution Mining Ltd (ASX: EVN), $5.6 billion
AMP Ltd (ASX: AMP), $4.0 billion
Super Retail Group Ltd (ASX: SUL), $2.7 billion
Abacus Property Group (ASX: ABP), $2.6 billion
Charter Hall Retail REIT (ASX: CQR), $2.4 billion
Bapcor Ltd (ASX: BAP), $2.1 billion
Domain Holdings Australia Ltd (ASX: DHG), $1.9 billion
Magellan Financial Group Ltd (ASX: MFG), $1.7 billion
Hotel Property Investments Ltd (ASX: HPI), $699.5 million
Beacon Lighting Group Ltd (ASX: BLX), $453.3 million
Southern Cross Media Group Ltd (ASX: SXL), $270.0 million
To view the complete agenda for the reporting season, check out our calendar here.
What can we expect to see?
There's a good chance NAB's half-year results will draw a crowd today following the severe reaction to the earnings of the Commonwealth Bank of Australia (ASX: CBA) yesterday. The NAB share price fell 4.1% in tandem with the other major banks, but will it deliver a pleasant surprise today?
Investors will be looking for strength in the bank's net interest margin and a positive outlook on the containment of bad debts. Additionally, a decent bump up in dividends wouldn't go astray after CBA increased its interim payment by 20%.
Another ASX share that will be under interrogation today is Australian fund manager Magellan Financial Group. The company's share price has been slaughtered since February 2020, falling 85% as funds flew out the door.
Today, onlookers will be hoping for some further affirmation that things are beginning to turn around. In January, funds under management improved — but that was due to the value of the assets rising, rather than additional inflows.
According to Bloomberg estimates, Magellan could report $105.7 million in net profit after tax (NPAT) today. If this were to be the case, it would represent a 58% decrease from the prior corresponding period.
