Tough earnings season ahead as pressure builds

Original article by David Rogers
The Australian – Page: 27 : 31-Jan-19

Tony Brennan of Citigroup says earnings guidance in the February 2019 reporting season is likely to be influenced by factors such as the slowdown in Australia’s housing market and falling business sentiment. Brennan says companies in a range of sectors have downgraded their earnings forecasts in recent months, and this may be reflected in the upcoming profit reporting season. The S&P/ASX 200 has gained 4.3 per cent so far in 2019, and Citigroup still expects it to test the 6,300-point level by the end of the year.

CORPORATES
CITIGROUP PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, CORELOGIC AUSTRALIA PTY LTD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s