earnings downgrades

Roger Montgomery

For every company that upgraded their outlook during the Confession Season, for the first half of the 2019 financial year, five companies have downgraded. For the same period a year earlier, that ratio was three-to-two. Show More

Avoca Investment Management

Back in February 2016, Jeremy Bendeich from Avoca Investment Management shared his list of stocks that were vulnerable to earnings misses, which formed a handy acronym - ‘BITBAD’. Blackmores, IPH, TPG, Bellamy’s, A2 Milk, and Domino’s Pizza. Since then, four of the six are down more than 20%. A simple... Show More

Wilson Asset Management

Late Wednesday night global glove and condom manufacturer Ansell (ASX: ANN) downgraded its earnings forecast following weak first half sales. The company cut its 2015-16 earnings per share (EPS) expectations to between US$0.95 to US$1.10, down from previous guidance of US$1.05 to US$1.20. The company said lower than anticipated January... Show More

Wilson Asset Management

Troubled electronics retailer Dick Smith (ASX: DSH) went into voluntary administration on Monday, following failure to secure funds from its banks. Management said sales and cash generation were below expectations in the key December trading period, continuing the weak trend of previous months. The announcement follows an earnings warning in... Show More

Pendal Group

What to watch out for as we head into reporting season - the 'confessional' season is nearing its close, when Australian listed companies want to clear the decks of any earnings disappointments which might be coming down the path in the upcoming reporting season. Apart from retail however, the probability... Show More