With reporting season underway, today’s chart comes from a recent Credit Suisse report, highlighting previous share market reactions to the reporting season:
The report mentions that the consensus 4% growth may be setting up for “disappointment” going into the season, with growth expectations possibly downgraded due to the macro environment and global growth risks over the last six months.
All eyes will be on the ASX8 – the top four miners and banks that provided almost all of the earnings growth of last year.
Advertisement