Reporting season had its usual hits and misses, all of which received extensive coverage. Often it’s only a few weeks later thatInvestors, analysts and the market can often have a bias towards businesses in the lead up to their latest report. Analysing their numbers and benchmarking them against their peers means perceptions may need to change.Below is a list of stocks that have been assessed and benchmarked after the reporting season where results did not match previous biases.
For some time, the regional banks have been perceived to be the laggards of the finance sector. But Bendigo was a standout this earnings season, blowing preconceptions away. The company generates a very solid return on equity and capital, is cash flow positive and lifted net interest margins and dividends. Further, its Piotroski F score improved significantly. Overall, it saw a strong jump in its overall “stock rank”.