Reporting season wraps up with results from Toll Holdings, Virgin Australia, Seven Group and more, while capex and home sales data are on tap.

The week ahead brings another deluge of company earnings results, in what is the final week of the official August reporting period.

Companies reporting this week include Toll Holdings, Caltex Australia, Virgin Australia and Seven Group.

Perpetual and Lynas Corporation will also report, while a number of companies will go ex-dividend.

In local news, June quarter capex data is set for release, along with construction work data for the period.

Overseas, second-quarter gross domestic product data will be released in the United States, while the US government releases the Beige Book, its quarterly report on the state of the country’s economy.

Finally, US Federal Reserve Chairman Ben Bernanke, Bank of England executive director for financial stability Andy Haldane and IMF managing director Christine Lagarde will speak at the Jackson Hole Symposium in the US.

Local news

The week in local news brings a solid mixture of private and public indicators.

On Wednesday, third-quarter construction data will be released by the Australian Bureau of Statistics.

Thursday sees June quarter capital expenditure data released by the ABS, and is expected to show total business spending rose by 4 per cent in the period.

Building approvals figures for July are also due. Economists are tipping the data will show a 4 per cent lift in approvals during the month.

Elsewhere, Housing Industry Association new home sales data for July is on tap.

On Friday, private sector credit data for July is scheduled, and is tipped to show a 0.3 per cent rise.


Another huge week in company news brings suite of corporate results as the official period of earnings wraps up.

Monday sees Toll Holdings release full-year figures. Goldman Sachs analysts are expecting the company to post a 4.5 per cent fall in net profit, pre non-recurring items, to $258.9 million.

WHK Group and Salmat are also expected to report.

Caltex Australia will release interim earnings results. Economists are tipping the group to post a 75.2 per cent rise in operating profit to $198 million.

Elsewhere, Coca-Cola Amatil will go ex-dividend, alongside CVC Limited.

On Tuesday, Virgin Australia is due to release results. Experts are expecting the group to swing to a pre non-recurring item profit of $77.4 million, from a big loss last year.

Seven Group, Flight Centre, Charter Hall, Centro Retail and Beach energy will also report.

Wednesday brings annual earnings from WorleyParsons. Goldman Sachs is tipping the group will post a 0.7 per cent fall in net profit to $361.7 million.

Transfield Services and Blackmores will also report.

Perpetual headlines a handful of big names reporting on Thursday. The group is expected to reveal a 8.6 per cent fall in net profit, before non-recurring items, to $66.3 million.

Results from Prime Media and Lend Lease are also awaited.

Elsewhere, Insurance Australia Group and AGL Energy and Tatts Group will all trade ex-dividend, while Metcash will hold its annual general meeting.

On Friday, annual results are awaited by Lynas Corporation. The group is tipped to widen its operating loss to $60 million.

Western Areas, Sandfire Resources and Medusa Mining are also due to report.

ROC Oil is expected to report interim results and Blackthorn resources will hold an extraordinary meeting.


Overseas, the week in economic news is dominated by United States GDP data.

In the US on Monday, the latest Dallas Federal Reserve manufacturing survey will be released.

Tuesday sees consumer confidence data and the S&P Case-Shiller home price index released in the US.

The index is tipped to show prices rose by 0.6 per cent in June.

The Richmond Federal Reserve manufacturing index for August is also awaited.

Elsewhere, eurozone money supply data is set for release.

Wednesday brings second-quarter gross domestic product data will be released in the US. Analysts believe annualised growth may have risen by 1.7 per cent in the period.

Elsewhere, the US government will release the Beige Book, its quarterly report on the state of the country’s economy.

Pending home sales data and the weekly Energy Information Association’s petroleum status report are also due.

On Thursday, US jobless claims data and personal income figures for July are on tap.

Economists are tipping a 0.3 per cent lift in incomes, while spending is anticipated to have risen 0.4 per cent.

In the United Kingdom, consumer credit data and money supply figures for July are due.

July mortgage approvals data rounds out a busy day overseas.

Friday sees August consumer sentiment and July factory orders data released in the US. Orders are expected to have grown 0.5 per cent in the month.

The Chicago purchasing managers index is also awaited.

Wrapping up

Rounding off the week, Monday sees Credit Suisse chief executive officer David Livingstone and Rio Tinto Australia managing director David Peever speak at a Committee for the Economic Development of Australia event in Sydney.

In the United States, Chicago Federal Reserve President Charles Evans will speak on the outlook for the US economy, along with Cleveland Fed president Sandra Pianalto.

On Wednesday, Infrastructure Australia chairman Rod Eddington will speak at a Trans-Tasman Business Circle event in Melbourne.

Shadow Treasurer Joe Hockey will address a CEDA function in Adelaide.

Thursday brings a speech from Telstra Group general counsel Carmel Mulhern at an American Chamber of Commerce in Australia business briefing in Brisbane.

Friday sees Department of Education and Workplace Relations secretary Lisa Paul speak at at TTBC event in Canberra.

The World Trade Organisation’s Dispute Settlement Body will meet in Washington.

Elsewhere, European Central Bank's Benot Coeure will speak in Europe.

Federal Reserve chairman Ben Bernanke and Bank of England executive director for financial stability Andy Haldane will both speak at the Jackson Hole Symposium in Wyoming in the US.

IMF managing director Christine Lagarde will address the same event.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles