NAB Half-year Results Review: Grab rewards by guessing the closing price!
May 2 will be a big one for $National Australia Bank Ltd (NAB.AU)$ shares, because the company will be kicking off earnings season in the banking sector when it releases its half-year results on Thursday.
Ahead of the release of its results, let's now take a look at what the market is expecting from the bank.
NAB half-year results preview
According to a note out of Goldman Sachs, its analysts are expecting the bank to report a reasonably sharp decline in cash earnings for half.
The broker has pencilled in first-half cash earnings (before one-offs) of $3,513 million, which represents a 13% reduction on the prior corresponding period. This is a touch lower than the consensus estimate of $3,553 million.
As for dividends, Goldman expects NAB to declare an 81 cents per share fully franked interim dividend. This is down 2.4% on last year's interim dividend. Whereas the consensus estimate is for NAB to keep its interim dividend flat year on year at 83 cents per share.
Guess the Opening Price
NAB is releasing its half-year results on May 2, before the Australian stock market opens. How will the market react to the company's results on the day?
Vote your answer to participate!
Rewards
An equal share of 2,000 points: For mooers who correctly guess the price range of NAB's closing price at 4 PM AEST May 2.
(e.g., If 50 mooers make a correct guess, each of them will get 40 points.)
Note:
The vote will close at 2:00 PM AEST May 2.
Rewards will be distributed within 5-7 working days after the result's announcement.
Rewards can be used to exchange gifts at the Rewards Club (moomoo app>> Me>> Redeem Points).
The selection is based on post quality, originality, and user engagement.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo AU OP : NAB closed at 33.775. Congrats to the winners!![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)