Cloudy outlook statements from reporting season

Morgans Financial Limited

Morgans Financial Limited

Estimates of market earnings were already falling heading into August. While it's fair to say these low expectations were broadly met in FY15, company outlook statements were more cautious than we have seen in the last few periods while issued earnings guidance was in many cases below market expectations, or less comital than usual. Subsequently, forward earnings estimates for FY16 were revised down a further 1% across the market. To read a full reporting season review from Senior Analyst Tom Sartor click the (VIEW LINK)


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Morgans Financial Limited
Stockbroker
Morgans Financial Limited

Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.

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