What Worked Australia - 02 Jun 2017 - Earnings Revisions strong, Low Sales Growth working

What Worked

Not a lot of colour in the market this week, with the only factors showing any real movement was EPS Revisions. 1 Month EPS revisions had their strongest week so far this year, almost doubling the closest week in terms of Rank IC. Names with good EPS revisions over the last month that finished up for the week included James Hardie (JHX, +2.8%), Fischer & Paykel Healthcare (FPH, +4.0%) and Aristocrat Leisure (ALL, +3.0%), while names with earnings downgrades over the last month finished down. Among these were Ardent Leisure (AAD, -2.8%), Vocus Group (VOC, -6.1%) and Nanosonics (NAN, -2.5%).

Forward Sales growth positive negative results for the week, but largely on the back of names with poor sales growth outperforming the index, rather than high growth names underperforming. Low forecast Sales Growth names that did well this week included Alumina Limited (AWC, +3.5%), IOOF Holdings (IFL, +1.2%) and Cromwell Property Group (CMW, +2.3%).

Who Moved

18 Names managed to move this week on volume, with a good spread across the sectors, and for the most part finishing up. On the positive side, Sigma Pharma (SIG, +10.2%), Flexigroup (FXL, +8.1%) and Fischer & Paykel Healthcare (FPH, +4.0%) rounded out the best performers on volume, while Domino’s Pizza (DMP, -7.1%), Galaxy Resources (GXY, -4.5%) and Wesfarmers Limited (WES, -1.6%) all finished the week down.


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