Jefferies: 38% of Australian companies beat estimates this season

Jefferies Australia has reported that 38% of companies scheduled to announce results in August have beaten analyst estimates this season, with 19% missing their forecasts. The reporting season shows a decline in the percentage of companies beating estimates compared to the February 2026 season, when 50% exceeded expectations. Companies that beat estimates did so by an average of 4%, while those that missed fell short by an average of 5.2%.

Downgrades are currently outpacing upgrades across all sectors, with the healthcare sector seeing seven out of nine companies beat estimates, while the consumer discretionary sector had seven of 10 companies receive downward revisions.

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