What Worked Australia - 02 Dec 2016 - Earnings Revisions continue their outstanding run

What Worked – 1 Month Earnings Revisions have had a run of positive (albeit weak in all but 3 weeks) since the end of September; and this week was no different. Earnings Revisions saw its strongest week since May this week against the backdrop of an all but flat market. Santos (STO, +4.8%), Fortescue Metals (FMG, +2.6%) and Aristocrat Leisure (ALL, +5.0%) are among those names with the highest FY1 EPS Revisions over the last month and all giving good returns for the week.

PER also had a good week this week, the first strong showing since the abysmal week at the start of November.  Seven West Media (SWM, +5.1%), Flexigroup (FXL, +3.5%) and Metcash Limited (MTS, +6.3%) all rebounding this week, and still on the cheaper side of the market.

Who Moved – 11 nA good week for volumes as the year end looms. 22 names from the 200 moved on higher than normal volumes this week. The best of the positive movers included Origin Energy (ORG, +6.4%), Metcash Limited (MTS, +6.3%) and IOOF Holdings (IFL, +5.4%). On the flip side, Vocus Communications (VOC, -26.6%), Rio Tinto (RIO, -5.0%) and Amcor Limited (AMC, -4.0%) all finished up weaker.


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