Business
What to expect from the Wesfarmers (ASX:WES) first half result
With earnings season on the horizon, I have been looking at what is expected from some of Australia’s most popular companies.
On this occasion, I’m going to take a look at conglomerate Wesfarmers Ltd (ASX: WES).
What is expected from Wesfarmers in the first half of FY 2021?
According to a note out of Goldman Sachs, it is expecting a strong half year result from Wesfarmers next month.
Goldman is forecasting underlying revenue of $17,616.2 million for the six months ended 31 December. This is up 15.5% on the prior corresponding period. It is also 2.6% higher than the consensus estimate of $17,171 million.
This is expected to be driven by growth across almost the entirety of the business. Though, the biggest driver will be the key…
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