What to expect from reporting season

As we head into another reporting season, we have taken a quick look at recent trading updates from companies and what this might tell us about what to expect from results. The lead up to reporting season is often referred to as confession season. The confession season started earlier than normal this year with a few of the companies that downgraded market expectations ahead of results last year releasing trading updates in April and May. In May, there was almost twice as many trading updates that revised guidance compared to the prior year. Overall there were fewer updates than in previous years. This could be due to business conditions being more stable, albeit with growth remaining at below trend levels. Alternatively, it could mean that we are in for more surprises than normal when the results are released next month. Read the full article for a larger version of the table below. (VIEW LINK) (Stuart Jackson, Senior Analyst)

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Stuart Jackson
Senior Analyst and Portfolio Manager

Prior to his departure in August 2022, Stuart was employed by Montgomery Investment Management for over seven years as a Senior Analyst and Portfolio Manager of The Montgomery [Private] Fund.

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