You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

7 Feb 2017 (AFR) – Resources earnings ensure end of Australian companies’ profit recession

(7 February 2017, AFR, p13, by Vesna Poljak)

‘Earnings upgrades in the resources sector have set the scene for the most upbeat reporting season in three years but investors are not counting on a boom in dividends or capex in return. Australian companies are on track to post earnings per share growth of 13 per cent in 2016-17 and the interim profit season underway will show most of that is coming from mining stocks. Consensus forecasts indicate the resources sector is heading for 58 per cent growth in earnings, fuelling speculation around the potential for capital management initiatives. Rio Tinto reports its annual results on Wednesday.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: