TOL - 6th Mar, 2024
8 stocks that should be on your radar following reporting season
The biggest ASX beats, misses, and sleeper stocks from reporting season, as well as a discussion of some key themes.
Reporting season is now behind us - and what a month it was. Stocks like Megaport (ASX: MP1) surprised to the upside, with its share price soaring 28% on the back of its result. Meanwhile, larger-cap stocks like Reliance Worldwide (ASX: RWC) also saw their share price skyrocket on the back of a stellar profit result.
It's a far cry from the reporting season of 12 months ago. This month, the beat-to-miss ratio saw beats 9% higher than the number of misses. This time last year, that number was 1% - a "really solid" improvement - as Marcus Ryan, Deputy Portfolio Manager, Broadcap Australian Equities at Yarra Capital Management put it.
In the following Rapid Fire interview, Marcus, Michael Steele, and Joel Fleming - representing the entire market cap spectrum from micro- to large-cap, share the key insights from the season, including;
- The biggest stock surprises
- The biggest misses
- The biggest sleeper stocks (the ones that no one is paying attention to but should be)
- The biggest opportunity and risk between now and next season
For a deeper dive into the season, a longer-form interview is available here.
Equities
All the big calls from reporting season (including why small-cap earnings can grow 10-15% in the next two years)
View
Note: This video was filmed on 28 February 2024.
Time Codes
0:06 - Biggest surprises of the season (small cap)
0:29 - Biggest surprise (large cap)
0:39 - Biggest miss (large cap)
0:59 - Biggest miss (small cap)
1:16 - Sleeper stocks
1:58 - True or false: the consumer will be stronger next reporting period
2:15 - Biggest opportunity between now and next season
2:41 - Biggest risk between now and next season
2:59 - Yarra house view on interest rates
3:15 - The final message for investors
Your one-stop shop for exposure to Australian Equities
Yarra Capital Management's actively managed Australian Equities strategies seek to deliver outperformance for clients over long time horizons. For more information, please visit their website.
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My passion is equity research, portfolio construction, and investment education. There are some powerful processes that can help all investors identify great opportunities and outperform the market, and I want to bring them to life and share them with you.
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My passion is equity research, portfolio construction, and investment education. There are some powerful processes that can help all investors identify great opportunities and outperform the market, and I want to bring them to life and share them...
Expertise
My passion is equity research, portfolio construction, and investment education. There are some powerful processes that can help all investors identify great opportunities and outperform the market, and I want to bring them to life and share them...
Expertise
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