And that’s a wrap. Half year reporting season over and it’s been a positive one with more beats than misses combined with encouraging outlook statements. According to UWJ’s figures, we analysed the results of 119 companies that posted their interims. Of those that reported, 52 were a beat, 27 were in-line and 36 missed expectations. That means 70% of results to date were in-line or better which is a remarkable outcome compared to previous periods where the bias has been to the negative. In the previous reporting season only 14% of large caps beat and 25% missed. The results weren’t nearly as bad as feared.
Here are the final reporting season’s results:
Click here to see result commentary: