It’s reporting season for ASX New Zealand companies! But which stock will be the most interesting to watch?
Nick Sundich, May 17, 2023
ASX New Zealand companies are amidst reporting season right now.
Although most companies use either the calendar year or July 1-June 30 financial year, ASX New Zealand companies can use the Kiwi financial year instead and this is April 1-March 31. They are still bound by the deadline to issue full year results within 2 months of the end of their financial year, so there are 2 more weeks for them to report.
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Which ASX New Zealand companies should you look out for?
Here’s a full list of NZX listed companies and their reporting dates – some of which are listed on the ASX, others are not.
Some of the key companies to watch out for are:
- Renewable energy firm Infratil (ASX:IFT), reporting this coming Monday (May 22),
- Tower Insurance (ASX:TWR), which is reporting next Thursday (May 25), and
- Fisher and Paykel (ASX:FPH) which is unveiling its results next Friday (May 26).
The most exciting ASX New Zealand company of all
But the biggest to watch is a company you won’t find on that list of NZX-listed companies, because it is only on the ASX. Namely, SME software company Xero (ASX:XRO), which is set report on 18 May.
Consensus estimates call for NZ$1.4bn in revenue (up 27%), $277.1m in EBITDA (up 31%) and $0.06 EPS (a turnaround from a negative 6c per share in FY22). The results won’t just give us insight into how Xero is performing, but how the SME sector is performing too. And this could be telling for plenty of other ASX companies that will report in August.
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