Monday 27 July 2015 by Company updates

FY15 Australian corporate earnings calendar and outlook

Prior to reporting season, we highlight the earnings release dates of FIIG’s more actively traded names

In terms of broad themes, as first highlighted in FIIG’s 2015 Smart Income ReportExternal link - opens in a new window headwinds for the Australian economy will likely translate to downgrades or underwhelming corporate earnings in 2015.

After a quiet start to what is affectionately known as the "confession season" (when companies tend to adjust their earning guidance) earnings downgrades and warnings have begun to stack up.  Around 15 major Australian companies downgraded their full year profit guidance in June, with Woolworths, Flight Centre, Metcash, Nine Entertainment and Seek among the better known names.

In terms of FIIG-led deals, McPherson’s started the season by downgrading its earnings forecast by $6m to about $16m, while most recently, Dicker Data released strong results and reconfirmed their FY15 guidance of $30.9m.

Looking forward, Australian corporations face significant headwinds such as China's slowing growth, the fallout from a "once in a lifetime" resources boom and larger reserve requirements for Australian banks – all while loose monetary policy that has propped up asset prices around the world is wound back.

Earnings release calendar

Company name Date Event
Genworth Mortgage Insurance 05/08/2015 1H15
Downer EDI Ltd 06/08/2015 FY15
Virgin Australia Holdings Ltd 07/08/2015 FY15
Coffey International Ltd 10/08/2015 FY15
G8 Education Ltd 11/08/2015 1H15
Newcrest Mining Ltd 17/08/2015 FY15
Stockland 19/08/2015 FY15
Qantas Airways Ltd 20/08/2015 FY15
Insurance Australia Group Ltd 21/08/2015 FY15
Cash Converters International Ltd 21/08/2015 FY15
Lend Lease Group 24/08/2015 FY15
McPherson's Ltd 24/08/2015 FY15
Fortescue Metals Group Ltd 24/08/2015 FY15
Payce Consolidated Ltd 24/08/2015 FY15
PMP Ltd 25/08/2015 FY15
Silver Chef Ltd 25/08/2015 FY15
CML Group Ltd 25/08/2015 FY15
NEXTDC Ltd 25/08/2015 FY15
Ausdrill Ltd 27/08/2015 FY15
360 Capital Group Ltd 27/08/2015 FY15
Emeco Holdings Ltd 27/08/2015 FY15
Dicker Data Ltd 31/08/2015 FY15
Antares Energy Ltd 14/09/2015 1H15
Source: FIIG Securities, Bloomberg