August 2021 Earnings Reporting Season Calendar

The coming month is going to be make-or-break for a lot of companies as we begin to see earnings released in the upcoming Reporting Season. After companies’ earnings were devastated last year, this could be the biggest season yet. Here’s Why, and our Reporting Season Calendar.

Why this will be the Biggest Reporting Season Yet?

Massive Expectations and Inflated PE Ratios

Anyone that has read Prophet’s Analysis articles has likely heard the phrase “Inflated PE Ratios”. What we are referring to here is the current state of the market average PE ratio, which is massively inflated compared to its average valuation of 15-20x.

The PE ratio or Price to Earnings is a metric for valuing a company that measures its current share price relative to its per-share earnings allowing comparison between companies. The PE ratio can be interpreted as the amount you pay for $1 in company profits.

Since companies’ earnings were severely impacted during the COVID recession and share prices have since recovered with the ASX 200 reaching all-time highs, this has caused artificially inflated PE Ratios across the market.

We can see that on a graph the current PE ratio has shot up from its average approaching upwards of 50x.

Reporting Season Calendar, Earnings Season Calendar, PE Ratio

PE 15-20: Average

PE 20+: The company is overvalued/has high investor sentiment regarding growth

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Based on current earnings we can say that the market is severely overvalued. The movement and recovery of share prices have thus shown sentiment that investors are expecting a full recovering in company earnings. This would balance out the PE ratio back to average.

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If the market severely falls short of expectation we could see a market correction.

The Return of Dividends

Following the loss of earnings, we saw companies cut dividends across the board, leading to a massive reduction in the average dividend yield across the market. Now averaging below 4%. We saw the 4 big banks, which are known as massive dividend stocks, cut their yield by around 50% in 2020. Here’s our report on CBA’s dividend.

Following the return of earnings, we are expecting to see dividends returning to attractive yields. Though we can’t expect past payout ratios, as many companies will elect to hold a large amount of cash on hand to strengthen their balance sheet against future uncertainties.

Across the market, we are expecting to see payout ratios increase by more than 10%. Which will have a big impact on the average yield rate. We are expecting to see the big banks return more than $30 Billion to shareholders.

Reporting Season Calendar, Earnings Season Calendar, Dividend Yield

Fluctuating Earnings:

It’s no surprise earnings have fluctuated over the past year. In these times of uncertainty, we have seen a barrage of earnings upgrades and downgrades across a lot of our listed companies.

Going into earnings season we are expected big fluctuations in earnings and are expecting a lot of volatility across the market in both bullish and bearish patterns.

The Share Market Overall Outlook

Following on from the COVID recession we are expecting solid earnings results from the majority of companies. We are expecting to see a quick “V-shaped” recovery in earnings. The overall market is also expecting this and has priced in recovery as we can see by the share price trend.

Energy Sector:

We are expecting decent results from the energy sector as we have seen profits surge following the increase of Iron ore price. Both demand and prices have lifted over the period, resulting in a number of earnings upgrades within the energy and resources sectors.

Industry Sector:

It’s no surprise that utilities, tourism, and travel companies have been severely impacted by the downturn. Companies dependant on international travel will still see no recovery, and domestic travel companies will still struggle with border closures, lockdowns, and isolations.

We will see a disappointing result from hospitality, accommodation, gaming operators, and toll road operators. However, this has been priced in by the market as their share prices are largely yet to recover.

Banking Sector:

The banking sector will produce surprising results with the increased demand for mortgages and the increase in interest rates from the previous year. However, we will still see loan deferrals and impairments. We are expecting to see a big recovery by banks but not reaching all-time highs.

Healthcare Sector:

The Healthcare sector will vary greatly. We will see higher revenues by a lot of businesses. But we expect companies dependent on the US market to suffer. For example, we are expecting great results from CSL’s vaccine programs, but a severe impact on their US collections.

Technology Sector:

The Technology sector is largely set to benefit the companies that were able to adapt and respond to the pandemic. We saw an increase in e-commerce sales and are expecting to see some big results from some of our technology sector.

What is Reporting Season?

Earnings season is the one-month period where the majority of ASX-listed companies release their financial statements to shareholders.

Every six months listed Australian companies are required by the ASX to report their financial conditions. Many major companies will report on a quarterly basis as well. The ASX required companies with a June/December balance sheet to release quarter results by the 31st of July and half-yearly/Full Yearly reports by the 31st of August. Source, CommSec.

Since most companies in the ASX 200 have a June/December balance sheet we see a massive amount of results released during August, hence the name ‘reporting season’.

Around 140 companies ASX 200 companies have a June balance date. Thus we will see a Full-Year statement from them. Around 30 companies have a December balance date, from these ones we will see a Half-Year statement. The other ASX 200 companies have different balance dates, and won’t be reporting.

Earnings & Reporting Season Calendar August 2021

Reporting Season Calendar Week One: 21st July- 6th August

CompanyCodeReport TypeEst. NPATEst DPSDate
CIMIC Group LtdCIMHY2121st July
Rio Tinto LtdRIOHY2113B USD28th July
PointsBet Limited [Prophet Portfolio]PBHQ42129th July
BWP TrustBWPHY214th Aug
Genworth Mortgage InsuranceGMAHY214th Aug
ResMed IncRMDQ421174M USD5th Aug
REA Group LtdREAFY216th Aug

Reporting Season Calendar Week Two: 9th August- 13th August

CompanyCodeReport TypeEst. NPATEst DPSDate
Aurizon Holdings LtdAZJFY219th Aug
Suncorp Group LtdSUNFY21920.5M0.3139th Aug
Transurban GroupTCLFY21-302M0.1529th Aug
Challenger LtdCGFFY2110th Aug
Insurance Australia Group LtdIAGFY21-161M0.11911th Aug
Commonwealth Bank of AustraliaCBAFY219.57B2.0911th Aug
AMP LtdAMPHY2112th Aug
Downer EDI LtdDOWFY2112th Aug
Telstra Corp LtdTLSFY211.61B0.1112th Aug
AGL Energy LtdAGLFY2112th Aug
Mirvac GroupMGRFY2112th Aug
Goodman GroupGMGFY211.53b0.1512th Aug
QBE Insurance LtdQBEHY2112th Aug
Bailador Technology InvestmentsBTIFY2113th Aug
Baby Bunting Group LtdBBNFY2113th Aug

Reporting Season Calendar Week Three: 16th August- 20th August

CompanyCodeReport TypeEst. NPATEst DPSDate
Argo Investments LtdARGFY2116th Aug
GPT GroupGPTHY2116th Aug
JB Hi-Fi LtdJBHFY21456M0.84816th Aug
Bendigo & Adelaide Bank LtdBENFY21444M0.22216th Aug
GWA Group LtdGWAFY2116th Aug
LendLease Group [Prophet Portfolio]LLCFY21338M0.13316th Aug
BlueScope Steel LimitedBSLFY211.02B0.11916th Aug
Beach Energy LtdBPTFY2116th Aug LtdCARFY2116th Aug
BHP Group LtdBHPFY2116B 17th Aug
Shopping Centres AustralasiaSCPFY21151.3M0.05617th Aug
Magellan Financial Group LtdMFGFY21374.7M1.15317th Aug
Brambles LtdBXBFY21548M17th Aug
Breville Group LtdBRGFY2193.7M0.13717th Aug
Woodside Petroleum LtdWPLHY21489M17th Aug
DexusDXSFY2117th Aug
EML Payments Ltd [Prophet Portfolio]EMLFY21 18th Aug
Nearmap LtdNEAFY2118th Aug
Coles Group LtdCOLFY21998.20.28218th Aug
Vicinity CentresVCXFY2118th Aug
Emeco Holdings LtdEHLFY2118th Aug
Tabcorp Holdings LtdTAHFY2118th Aug
Tassal Group LtdTGRFY2118th Aug
Domino’s Pizza Enterprises LtdDMPFY21188.3M0.68818th Aug
CSL LtdCSLFY212.33B1.42218th Aug
Santos LtdSTOHY2118th Aug
Southern Cross Media Group LtdSXLFY2118th Aug
OZ Minerals LtdOZLHY2118th Aug
Aventus GroupAVNFY2118th Aug
Super Retail Group LtdSULFY2118th Aug
ASX LtdASXFY2119th Aug
Redbubble LtdRBLFY2119th Aug
Treasury Wine EstateTWEFY21303.7M0.11219th Aug
Orora LtdORAFY2119th Aug
South32 LtdS32FY21394M19th Aug
Newcrest Mining LtdNCMFY211.1B19th Aug
Evolution Mining LtdEVNFY21392.8M19th Aug
IRESS LtdIREHY2119th Aug
Star Entertainment Grp LtdSGRFY2119th Aug
Perpetual LtdPPTFY2119th Aug
Origin Energy LtdORGFY2119th Aug
AdairsADHFY2120th Aug
Inghams Group LtdINGFY2120th Aug
Cochlear LtdCOHFY21245.5M1.28520th Aug
MyState LtdMYSFY2120th Aug
Sydney AirportSYDHY21-22620th Aug
StocklandSGPFY21745.1M0.13320th Aug

Reporting Season Calendar Week Four: 23rd August- 31st August

CompanyCodeReport TypeEst. NPATEst DPSDate
Ampol LtdALDHY2123rd Aug
G8 Education LtdGEMHY2123rd Aug
Sonic Healthcare LtdSHLFY21591.5M0.62823rd Aug
Altium LtdALUFY2123rd Aug
Bingo Industries Ltd [Prophet Portfolio]BINFY2140.03M0.01824th Aug
McMillan Shakespeare LtdMMSFY2160.15M0.29924th Aug
Boral LtdBLDFY21253.8M0.07124th Aug
Ansell LtdANNFY21256M24th Aug
Estia Health LtdEHEHY216.39M0.02324th Aug
Oil Search LtdOSHHY219024th Aug
Alumina LtdAWCHY2124th Aug
Scentre Group SCGHY21456.5M0.0724th Aug
Reece LtdREHFY21261.5M0.10824th Aug
Monadelphous Group LtdMNDFY2155M0.22524th Aug LtdKGNFY2124th Aug
Seek LtdSEKFY2124th Aug
Nine Entertainment CoNECFY21262.3M0.04925th Aug
Growthpoint Properties AustraliaGOZFY21183.8M0.04925th Aug
Ridley Corp LtdRICFY2122.1M0.00525th Aug
Adbri LtdABCHY2161.5M0.06325th Aug
Worley LtdWORFY2125th Aug
Medibank Private LtdMPLFY21418.5M0.06625th Aug
WiseTech GlobalWTCFY2196.9M0.02325th Aug
Iluka Resources LtdILUFY2125th Aug
Jumbo Interactive [Prophet Portfolio]JINFY21 26th Aug
Air New Zealand Ltd [Prophet Portfolio]AIRFY2126th Aug
Woolworths Group LtdWOWFY211.9B0.52126th Aug
Appen Limited [Prophet Portfolio]APXHY2126th Aug
A2 Milk Company Ltd [Prophet Portfolio]A2MFY2126th Aug
Cromwell Property GroupCMWFY21162.3M0.0162526th Aug
St Barbara LtdSBMFY2126th Aug
Whitehaven Coal LtdWHCFY2126th Aug
IOOF Holdings LtdIFLFY2126th Aug
Blackmores LtdBKLFY2130M0.49326th Aug
Ramsay Health Care LtdRHCFY21477.1M0.59226th Aug
Flight Centre Travel Group LtdFLTFY21-421.7M26th Aug
Qantas Airways Ltd [Prophet Portfolio]QANFY21-1.7B26th Aug
Qube Holdings LtdQUBFY21122.9M0.02926th Aug
Ardent Holdings LtdALGFY21-103M26th Aug
Alcidion Group Ltd [Prophet Portfolio]ALCQ42127th Aug
Wesfarmers Ltd [Prophet Porfolio]WESFY212.34B0.90927th Aug
Mayne Pharma Group LtdMYXHY2127th Aug
Coventry Group LtdCYGFY2127th Aug
BWX LtdBWXFY2117.46M0.03327th Aug
Fortescue Metals Group LtdFMGFY2110.2B30th Aug
InvoCare LtdIVCHY2130th Aug
Crown Resorts LtdCWNFY21-122.4M30th Aug
Healius LtdHLSFY21134.5M0.06630th Aug
IGO LtdIGOFY21136.2M31st Aug

Earnings & Reporting Season Calendar August 2021 PDF Summary

Prophet’s PDF Summary Free Download for Community Members!

Prophet’s Contributions During Earnings Season

During earnings season we will be working hard and analyzing all reports to find what we think are the best stocks with great potential for our portfolio. We will be updating all our in-depth analyses, as well as constantly bring out new content, to ensure all our content is up-to-date and relevant.

We will also be releasing a new series of articles, summarising a lot of the earnings highlights and what this means for investors. So stay tuned with Prophet Invest.

Please Remember all Articles Published on Prophet Invest are Opinion Only

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