Original article by Stephen Cauchi
The Australian Financial Review – Page: 26 : 30-Jun-15
Citigroup has identified a number of Australian companies that could potentially issue earnings downgrades during the upcoming reporting season. They include Myer Holdings, BlueScope Steel, Fairfax Media, Bank of Queensland and Boart Longyear. Several companies have already issued earnings downgrades, including Flight Centre, Woolworths and SEEK. However, Citigroup believes that Caltex Australia and Wesfarmers could upgrade their earnings expectations.
CORPORATES
CITIGROUP PTY LTD, MYER HOLDINGS LIMITED – ASX MYR, BLUESCOPE STEEL LIMITED – ASX BSL, FAIRFAX MEDIA LIMITED – ASX FXJ, BANK OF QUEENSLAND LIMITED – ASX BOQ, BOART LONGYEAR LIMITED – ASX BLY, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, WOOLWORTHS LIMITED – ASX WOW, SEEK LIMITED – ASX SEK, CALTEX AUSTRALIA LIMITED – ASX CTX, WESFARMERS LIMITED – ASX WES, PACIFIC BRANDS LIMITED – ASX PBG, MONADELPHOUS GROUP LIMITED – ASX MND, NEWS CORPORATION – ASX NWS, APN NEWS AND MEDIA LIMITED – ASX APN, SOUTHERN CROSS MEDIA GROUP LIMITED – ASX SXL, REECE AUSTRALIA LIMITED – ASX REH, McMILLAN SHAKESPEARE LIMITED – ASX MMS, TRADE ME GROUP LIMITED – ASX TME, REA GROUP LIMITED – ASX REA, SPARK NEW ZEALAND LIMITED – ASX SPK, ECHO ENTERTAINMENT GROUP LIMITED – ASX EGP, GWA GROUP LIMITED – ASX GWA, NEXTDC LIMITED – ASX NXT, METCASH LIMITED – ASX MTS, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC