Its ASX Earnings Season! Here are 5 Earnings Reports That Could Move Markets This Week

It is that time again – ASX Earnings Season! ASX companies that follow the July-June fiscal year need to issue half-yearly results and companies using the calendar year need to issue full-year results.

This year’s February earnings season begins amidst the ASX having its worst week since last November, with the ASX 200 falling 2% to 8,709. Investors were shaken by the RBA’s interest rate hike to 3.85%, which was the first increase in more than two years. At the same time, investors around the world became more cautious about taking risks, adding more pressure to the market. The timing could not be worse: reporting season is in full swing. This week, five major companies will report their results, and investors will need to decide whether to buy now or wait.

What are the Best ASX Stocks to invest in right now?

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CSL – A Buying Opportunity?

CSL (ASX: CSL) is currently trading at around A$180, which is about 35% lower than its 52-week high of A$276. A big reason for this fall was the company’s October guidance cut. CSL reduced its expected revenue growth to 2–3% and delayed the planned spin-off of its Seqirus vaccine business. CSL will report its results on 11 February.

Market expectations suggest CSL will earn about A$6.20 per share in the current half. Morningstar values the stock at A$235, which means there could be strong upside if the company’s performance improves.

The main things investors should watch are plasma profit margins and whether the Seqirus business starts to recover. For long-term and patient investors, CSL at these prices could be a good opportunity, but only if management can show that the worst problems are now in the past.

CBA – Higher Rates May Help Profits, But Is It Already Priced In?

Commonwealth Bank (ASX: CBA) will report its results on 11 February. The recent interest rate hike by the RBA should help the bank earn more from lending, as higher rates usually improve bank profit margins.

Jefferies expects CBA’s cash earnings for the first half of FY26 to rise 2% to about A$5.22 billion. However, the main concern is the share price. CBA is trading at a high valuation, with a price-to-earnings ratio of around 26, which is higher than that of other major banks. Even after falling from A$192 to about A$159, the stock still looks expensive.

In our view, the benefit from higher interest rates is real, but much of it is already built into the share price. Investors should closely watch bad debt levels, as higher interest rates can put pressure on households and increase the risk of loan defaults.

Computershare – The Under-the-Radar Name That Could Surprise

Computershare (ASX: CPU) is the name fewer people are watching, which is why it interests us. Trading near its 52-week low around A$31, ahead of its 11 February report. The stock offers a PE of roughly 22 and free cash flow of A$1.64 per share, solid for a business built on recurring registry revenues. Analyst targets average around A$36, implying over 15% upside. If corporate actions volumes hold up and management delivers positive guidance, this could be one of the week’s quiet winners.

Evolution Mining and AGL- Two Sector Plays With Very Different Risk Profiles

Evolution Mining (ASX: EVN) is reporting results on 11 February, at a time when gold prices are very high, trading near US$5,000 per ounce. In the second quarter, the company produced 191,000 ounces of gold, and its operating cash flow jumped 57%. If Evolution can keep its costs under control, it could earn record profits. This stock is mainly a bet on the gold price, and at current gold levels, the outlook looks positive.

AGL Energy (ASX: AGL) offers a much more stable option. The stock is trading around A$9, with a forward price-to-earnings ratio of about 10. It also pays a fully franked dividend with a yield of over 5%. AGL gives investors exposure to Australia’s energy market without the ups and downs caused by oil prices, which affect companies like Santos and Woodside. All eight analysts covering AGL rate it as a buy, with an average price target of A$11.31. AGL will also report its results on 11 February, Wednesday.

The Investor’s Takeaway- How to Approach This ASX Earnings Season

Uncertain markets often create good buying opportunities. We think CSL and Computershare offer the most attractive risk and reward ahead of their results. Both stocks have fallen a lot, and their prices could rise if they deliver solid earnings.

CBA looks more like a hold at current levels. It is a high-quality bank, but the share price already reflects much of that strength.
Evolution Mining is a way to benefit from strong gold prices and could report a very strong quarter. AGL suits investors looking for steady income, offering reliable dividends without too much excitement.

Reporting seasons like this are often when strong long-term investment portfolios are built.