August Issue of S&P/ASX 200 Earnings Report

Key Highlights this month:

·         10 companies in the S&P/ASX 200 have reported earnings thus far for FY 2013. 50% have reported earnings better than street expectations, polled by Capital IQ analysts.  Collectively, the S&P/ASX 200 has reported a 1.3% EPS surprise.

·         Last year, 40% of all companies in the S&P/ASX200 had beaten earnings street expectations.

·         Of those companies who have announced earnings, only one has shown double digit or better Y/Y growth.

·         Companies still remaining to report with the largest expected earnings growth for FY 2013 include, Independence Group NL (ASX:IGO) +862.4%, Bank of Queensland Ltd. (ASX:BOQ) +856.2%, and Senex Energy Limited (ASX:SXY) +275.3%. 

·        Companies still remaining to report with the most upward revisions for FY 2013 in the past month include Flight Centre Ltd. (ASX:FLT) 14 upward revisions, Oil Search Limited(ASX:OSH) 10 upward revisions, and Fortescue Metals Group Limited (ASX:FMG) 10 upward revisions. 

·         Companies still remaining to report with the largest FY 2013 EPS% change in the past month include Alacer Gold Corp. (ASX:AQG) +101.0%, Magellan Financial Group (ASX:MFG) +40.8% and Silver Lake Resources Limited (ASX:SLR) +27.4%.     

·         Companies with the greatest potential upside based on S&P Capital IQ consensus target price include, Discovery Metals Ltd. (ASX:DM) +262.5%, Sundance Resources Limited (ASX:SDL) +258.0%,  and Mineral Deposits Ltd (ASX:MDL)+132.6% (*data as of 7/30/13).

·         128 companies are expected to report annual earnings in August.

Please click here to read the full report