• For our readers and investors keen to know what companies are reporting when this August reporting season, we have provided a link to a reporting calendar. Read here.

February 2021 Reporting Season

31072020_Reporting season calendar

February 2021 Reporting Season

We enter the February 2021 reporting season with a materially different backdrop to the one faced by investors in August 2020. Expectations have been rebased significantly upwards – along with share prices – suggesting a more even risk-reward skew for share price direction in terms of upside/downside due to earnings surprises.

Some sectors of the economy have seen unprecedented growth (e-commerce, retail, gaming, home improvement) while others are still awaiting a recovery following COVID induced shutdowns (travel, education and other services).

Last weeks early reporters included Centuria Office Fund, Pinnacle Investment Management, Nick Scali and REA Group, who all beat consensus expectations. On the other end of the ledger, both AGL Energy and Origin Energy have unveiled disappointing financial outcomes including large impairments (AGL) and downgrades (Origin).

Many retailers have also pre-released earnings so investors will be more focused on outlook statements as well as cash-flow and balance sheets. As always, Q&A with company management will be an important feature of the reporting season to gauge how business conditions and consumer sentiment is changing in a still unpredictable environment.

The link below is a reporting season calendar for a number of ASX200 companies – this remains subject to change.

Please click here to download the February 2021 Reporting Calendar


Joseph is the Portfolio Manager of The Montgomery Fund and Head of Fundamental Research. Joseph has over fourteen years’ experience in equities research, funds management and M&A. Before joining Montgomery, he was a Senior Analyst at Colonial First State Global Asset Management responsible for coverage of resources, energy, infrastructure and industrials sectors. Joseph’s prior experience includes roles in equities research at JP Morgan and at Ellerston Capital.

This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.

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