Business
Leading broker tips 3 ASX shares to positively surprise during earnings season
Earnings season is here and Goldman Sachs has been busy looking at shares that its analysts believe have the greatest potential to surprise. This is in respect to earnings beats or misses, guidance surprises, or capital management.
Three ASX shares that the broker is tipping to surprise positively are listed below. Here’s what you need to know:
Goldman Sachs believes that Afterpay could outperform margin expectations in the first half of FY 2021. It is currently forecasting a net transaction margin of 2% but suspects this metric could come in higher.
It commented: “APT indicated in its 1Q21 trading update that Net Transaction Profit Margins had been maintained in line with FY20 (~2.3%). Our 1H21E is 2.0% as 2Q tends to have…
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