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5 ASX shares to watch during week 2 of reporting season

Lloyd Prout
ASX shares to buy in February

Just like that, we are in week 2 of ASX reporting season, and some of the best ASX stocks are reporting to the stock market this week.

ASX reporting season is a great time to assess your portfolio and watchlists. You can make sure that the fundamentals of the business and of your investment thesis are still going strong.

Here are 5 ASX stocks to watch during week 2 of reporting season.

JB Hi-Fi Limited (ASX: JBH) – Monday

JB Hi-Fi is releasing its FY20 interim results today, Monday 10 February. The JB stock price has been a strong performer over the last year, up a staggering 75%. This is no surprise as the company has done an excellent job at growing the business. While most other brick-and-mortar retailers have been struggling, JB has executed well and achieved 7.1% earnings per share (EPS) growth in FY19. Investors will be hoping for more of the same this week.

Challenger Limited (ASX: CGF) – Tuesday

The Challenger share price had been struggling since the start of 2018, as low interest rates and the 2018 Royal Commission weighed down on the company’s business model. More recently however, the stock price has bounced back, up 39% over the last 5 months. When FY20 interim results are released on Tuesday, investors will hope to see the superannuation and ageing population tailwinds helping the results.

CSL Limited (ASX: CSL) – Wednesday

CSL release their FY20 interim results on Wednesday. As one of Australia’s greatest businesses and share success stories, investors will be hoping for more of the same double-digit revenue and profit growth when CSL’s results are released. If you have the time and desire, check out CSL’s investor and analysts briefing that will be held online at 11.00 am (AEDT). Alternatively, check out our coverage on Wednesday.

Treasury Wine Estates Limited (ASX: TWE) – Thursday

Treasury Wine released its FY20 interim profit report (subject to audit review), revised FY20 guidance and interim dividend on 28 January. The stock has dropped 32% since then. You can read more about the results here. I wouldn’t expect the stock to move materially when the audited version of the results are released on Thursday.

Telstra Corporation Ltd (ASX: TLS) – Thursday

One of the most widely held Australian stock releases its FY20 interim results on Thursday. The company endured some tough times with the NBN rollout and saw its dividend cut. However, since the end of FY18 the stock has rebounded 45%. With 5G now rolling out, investors will be hoping for the mobile division to keep performing strongly.

The post 5 ASX shares to watch during week 2 of reporting season appeared first on Motley Fool Australia.

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Lloyd Prout owns shares in Challenger Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of CSL Ltd. The Motley Fool Australia owns shares of and has recommended Challenger Limited, Telstra Limited, and Treasury Wine Estates Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2020