Reporting season wrap: brokers grapple with earnings forecasts

Leading into the half-year reporting season, Forsyth Barr’s thesis was the country’s economic backdrop would give analysts confidence to upgrade their earnings forecasts.

The results, involving reporting by 40 companies, had many positives and the market has rallied.

Forysth Barr figures show aggregated sales were up 10.2%, above the broking firm's 8.8% forecast, while earnings before interest, tax, depreciation and amortisation (ebitda) increased 6.1%, below the firm's 7.4% forecast.

 

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