The stocks to watch this reporting season

“With the market capitalisation 8 per cent above pre-COVID levels and EV 10 per cent below pre-COVID, we believe the stock is not appropriately pricing Qantas’ improved earnings capacity,” he said.

Sticking with travel stocks, analyst Darshana Nair Syama has a buy rating on Corporate Travel Management saying negative earnings and valuation revisions are “unwarranted given ongoing strength in travel data points”. “We believe that the market has extrapolated the seasonal weakness over November/December for business travel as weakening indicators, because of which we expect upside surprise in both first half 2023 earnings versus the Street as well as outlook statements,” she said.

“We expect the company to guide for financial year 2023 earnings before interest and taxes growth close to consensus/Goldman Sachs estimates at approximately 9 per cent respectively offering greater certainty on short-term earnings amidst concerns of weaker industry trading,” she said. “We expect first half 2023 results to offer a positive surprise versus the Street. As a result, any short covering driven by such outperformance could push the stock higher.”

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Running with the bulls: earnings season to test ASX rallyAustralian shares are on the cusp of a record high, but do valuations square up with the outlook for corporate earnings? Buy Lithium miners !!!! Before Elon beats you to it 😟 Australia is a small country. The rise of the sharemarket has less to do with Corporate Performance then it does foreign influences ( like America ). If S&P crashes, so too will ASX. Australias Stockmarkets are just too small for anyone to care about. If America goes into a collapse, you'll see money flight returning home. That in turn, will see ASX fall. The question is... how are S&P Companys doing profit wise? Answer: Terrible.
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