The best and worst results this reporting season

Buy Hold Sell, by Livewire Markets

Just like the leaders and losers of the ASX 200 in 2024, the August reporting season has been a tale of two halves.

According to FNArena's corporate results monitor, 36% of companies have missed analyst expectations this results season, while 30.4% have delivered beats. 33.7% of companies delivered results that were in line with analyst expectations. Unsurprisingly, there have been more downgrades than upgrades over the past month.

So, to help you digest the good, bad and (let's face it, mostly) ugly of the FY24 earnings season, Centennial Asset Management's Matthew Kidman was joined by Medallion Financial's Michael Wayne and First Sentier Investors' David Wilson.

They analysed some of the recurring themes that emerged over the last month, revealed whether they have made any portfolio changes in light of these, and named some of the companies that really impressed with their results.

Plus, they share the company that they think had the worst result this August.

Note: This episode was recorded on Tuesday 27 August 2024. You can read an edited transcript below.

https://www.livewiremarkets.com/wires/the-best-and-worst-results-this-reporting-season/