What to watch out for as we head into reporting season - the 'confessional' season is nearing its close, when Australian listed companies want to clear the...

What to watch out for as we head into reporting season - the 'confessional' season is nearing its close, when Australian listed companies want to clear the decks of any earnings disappointments which might be coming down the path in the upcoming reporting season. Apart from retail however, the probability of a negative surprise now is low. With that in mind, all eyes are on the discretionary consumer sector and whether more will make a late lunge for the naughty corner. Investors may want to be careful when considering headline profit numbers, and look for lower tax and interest costs as companies stretch to targets and concentrate on cash produced (EBITDA). Read more here - (VIEW LINK)