We might be halfway through the February reporting season, time-wise, but hardly one quarter through the number of Australian companies scheduled to report financial performance this month. Local stockbroking analysts are busy as bees upgrading and downgrading individual ASX-listed stocks.
The undeniable good news story is with analysts making amendments to earnings forecasts. Whereas the table for positive revisions shows large numbers, the flipside is hardly worth mentioning. Infigen Energy enjoyed the largest increase for the week, beating Mount Gibson, Woodside Petroleum, Insurance Australia Group, Mineral Resources, 3P Learning, and others.
Reporting season genuinely gathers steam in the week ahead.