2026 August Reporting Season Calendar

研报英文原文证据摘录

2026 August Reporting Season Calendar

Idea

July 27, 2026 01:30 AM GMT

Morgan Stanley Australia Limited+MAustralia Macro+ | Asia Pacific Chris Nicol

Equity Strategist

2026 August Reporting Season Chris.Nicol@morganstanley.comChris Read +61 3 9256-8909

Equity Strategist and Australia Economist

Chris.Read@morganstanley.com +61 2 9770-1513

Calendar Antony Conte

Antony.Conte@morganstanley.com +61 2 9770-1544

FY26 results season looms with geopolitical risks still elevated Isabel Black

and materially altered policy settings influencing the outlook vs EquityIsabel.Black@morganstanley.comStrategist +61 2 9775-2519

YAGO. Despite significant change since February, the age of

earnings is high and dispersion between estimates has widened,

setting up another volatile season ahead.

Key Takeaways

We expect heightened volatility into the August result season with earnings risk Exhibit 2 : Earnings sentiment remains

rising. Consensus earnings dispersion has trended higher and age is elevated. skewed to the downside

20.0 The risk of a domestic activity air pocket emerging is rising fast thanks to Consensus Earnings Revisions Breadth (%) (NTM)

ERR 1W ERR 3mma

meaningful policy pivots this year for both monetary and fiscal. 10.0

0.0

We see building risks to earnings and outlooks for domestic facing equities in

-10.0

particular Banks, Housing linked, and Consumer facing.

-20.0

MS top-down models see a drop in market EPSg to mid single digit - partially -30.0

reflected in a lower market multiple but never fully in the price until confirmed. -40.0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26

Result season condenses again with the majority of updates to come from Source: RIMES, IBES, Morgan Stanley Research

August 12 onwards.