8 stocks that should be on your radar following reporting season

The biggest ASX beats, misses, and sleeper stocks from reporting season, as well as a discussion of some key themes.
Chris Conway

Livewire Markets

Reporting season is now behind us - and what a month it was. Stocks like Megaport (ASX: MP1) surprised to the upside, with its share price soaring 28% on the back of its result. Meanwhile, larger-cap stocks like Reliance Worldwide (ASX: RWC) also saw their share price skyrocket on the back of a stellar profit result. 

It's a far cry from the reporting season of 12 months ago. This month, the beat-to-miss ratio saw beats 9% higher than the number of misses. This time last year, that number was 1% - a "really solid" improvement - as Marcus Ryan, Deputy Portfolio Manager, Broadcap Australian Equities at Yarra Capital Management put it. 

In the following Rapid Fire interview, Marcus, Michael Steele, and Joel Fleming - representing the entire market cap spectrum from micro- to large-cap, share the key insights from the season, including;

  • The biggest stock surprises
  • The biggest misses
  • The biggest sleeper stocks (the ones that no one is paying attention to but should be)
  • The biggest opportunity and risk between now and next season

For a deeper dive into the season, a longer-form interview is available here

All the big calls from reporting season (including why small-cap earnings can grow 10-15% in the next two years)

Note: This video was filmed on 28 February 2024.

Time Codes

0:06 - Biggest surprises of the season (small cap)
0:29 - Biggest surprise (large cap)
0:39 - Biggest miss (large cap)
0:59 - Biggest miss (small cap)
1:16 - Sleeper stocks
1:58 - True or false: the consumer will be stronger next reporting period
2:15 - Biggest opportunity between now and next season
2:41 - Biggest risk between now and next season
2:59 - Yarra house view on interest rates
3:15 - The final message for investors

Your one-stop shop for exposure to Australian Equities

Yarra Capital Management's actively managed Australian Equities strategies seek to deliver outperformance for clients over long time horizons. For more information, please visit their website

Livewire gives readers access to information and educational content provided by financial services professionals and companies ("Livewire Contributors"). Livewire does not operate under an Australian financial services licence and relies on the exemption available under section 911A(2)(eb) of the Corporations Act 2001 (Cth) in respect of any advice given. Any advice on this site is general in nature and does not take into consideration your objectives, financial situation or needs. Before making a decision, please consider these and any relevant Product Disclosure Statement. Livewire has commercial relationships with some Livewire Contributors.

2 stocks mentioned

3 contributors mentioned

Chris Conway
Managing Editor
Livewire Markets

My passion is equity research, portfolio construction, and investment education. There are some powerful processes that can help all investors identify great opportunities and outperform the market, and I want to bring them to life and share them...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment