Aussie earnings season 'positive surprise' so far, but tide could turn, Macquarie says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: Reuters
Positive Earnings Surprises: Australian corporate earnings have exceeded expectations, particularly in sectors like retail and telecommunications, prompting investors to reallocate funds into equities after a recent market correction.
Caution on Future Trends: Analysts warn that while the current earnings season has shown strong results, historical trends indicate potential declines as the season progresses, especially with major companies yet to report.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
