Category: Analyst Research

Lendlease Group (LLC) FY18 results, came in above market expectations but management noted FY19 construction margins would likely be impacted by underperforming projects and elevated bid costs in Australia after narrowing in FY18.

APA’s FY18 results came in above market expectations, with operating earnings (EBITDA) of $1,518.5m, +1.3% above market expectations of $1,499m

CAR stock price was up +9.8% after the company’s FY18 results met consensus estimates (revenue of $444m was ahead of estimates of $440.5m

BHP FY18 results were mostly in line with estimates, with underlying EBITDA of US$24.1bn mostly in line with market expectations of US$24.5m (underlying EBITDA margin of 55% stable year on year) and underlying NPAT of US$8.9bn was also in line…

The a2 Milk Co (A2M) reported another solid result which came in above market expectations.

CWY reported strong FY18 results amidst changing regulatory environments in National Sword Policy and Recycling, with organic growth experienced across

Sydney Airport (SYD) 1H18 results were largely in line with expectations, posting solid headline numbers with growth being realised across all segments.

ABC’s share price was weaker after the Company’s full year outlook came in below market expectations. ABC expects 2018 full year underlying NPAT of $200-210m versus current consensus estimates of $212.8m.

ANN’s share price fell by -7.2% after the Company reported FY18 net income of $484.3m which missed estimates of $490.7m and net income from continuing operations of $138.8m, which was well below market expectations of $147m. However full year revenue…

Scentre Group Ltd (SCG) reported solid 1H18 result but FFO of 12.38cps came in below market expectation of 13.00cps, which saw the share price marginally decline.

OSH fell ~2% after reporting its 1H18 results, which saw NPAT fall to US$79.2m (down -38.7% on pcp) after sales dropped -17.5% to US$557.8m due to the earthquakes in Papua New Guinea in Feb-18.

Healthscope (HSO) reported results which reflect a Company in a transition year. Revenue was up +3.7%, Operating EBITDA declined -4.4% whilst operating NPAT declined by -10.3%. 6.7cps full year dividend equates to 70% of Statutory NPAT (continued and discontinued) adjusted…