0124 GMT - The coming annual Macquarie Australia Conference is unlikely to be a "downgrade conference,"with an improving earnings backdrop set to provide a net positive surprise for this year, say Macquarie analysts in a note previewing the event due next week. With 113 companies slated to attend, Macquarie expects the impact of sticky inflation, delayed rate cuts, geopolitical events and AI to be key themes. Using a quantitative screen that Macquarie runs in the reporting season to identify "potential surprises," it sees AUB, GPT, Reliance Worldwide, GWA, McMillan Shakespeare and Imdex as companies likely to provide a positive surprise anytime between now and their next results in August. Qualitas, Pexa, Propel Funeral Partners, Pro Medicus, Endeavour and IPH could flag potential negative surprises, it adds.(alice.uribe@wsj.com)
(END) Dow Jones Newswires
April 30, 2024 21:24 ET (01:24 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
Comments