Report published August 14, 2026
Jefferies Research: Australian Reporting Season First Quarter Recap (August 2026)
Source and citation context
- Issuer
- Jefferies
- Report date
- August 14, 2026
- Analysis as of
- August 14, 2026
Finvaulta summarizes Jefferies's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Jefferies reviews early results from the August 2026 Australian reporting season, noting that 40% of the 48 reporting companies beat estimates while 21% missed. Consensus FY27 EPS estimates have seen more downgrades (42%) than upgrades (35%), led by strength in TMT and weakness in Industrials.
Key Takeaways
- 1.48 companies (19% of the universe reporting in August 2026) have reported to date, with 40% beating estimates (average beat 5.4%) and 21% missing (average miss 4.6%).
- 2.Consensus FY27 EPS has been revised upward for 35% of reported companies (average upgrade +4%), while 42% were revised downward (average downgrade -4%).
- 3.TMT showed strong outperformance with 6 of 8 reporting companies beating estimates by an average >6%, whereas Industrials lagged with both reporting companies missing estimates.
Table of Contents
- Jefferies Reporting Season First Quarter Recap
- Key findings
- Reporting next week
- Jeff's reporting calendar - full details on every ASX300 company reporting
Report data
Table 1 - Reporting Season Summary - Actual vs Estimates and FY27 Revisions — as of August 14, 2026.
| Metric | Estimate | Context |
|---|---|---|
| ASX300 Reporting Season Beat Rate | 40.0% | Share of reported companies beating consensus earnings estimates. |
| ASX300 Reporting Season Miss Rate | 21.0% | Share of reported companies missing consensus earnings estimates. |
| FY27 Consensus EPS Upgrade Rate | 35.0% | 17 companies saw consensus FY27 EPS revised upwards with an average upgrade of 4.0%. |
| FY27 Consensus EPS Downgrade Rate | 42.0% | 20 companies saw consensus FY27 EPS revised downwards with an average downgrade of -4.0% to -4.8%. |
| Universe Reported to Date | 19.0% | 48 companies out of the universe reporting in August 2026 have reported results. |
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Reported Data Context
- ASX300 Reporting Season Beat Rate: 40.0 % (August 2026 reporting season to date) · Source: FactSet, Jefferies
- ASX300 Reporting Season Miss Rate: 21.0 % (August 2026 reporting season to date) · Source: FactSet, Jefferies
- FY27 Consensus EPS Upgrade Rate: 35.0 % (August 2026 reporting season post-result) · Source: FactSet, Jefferies
- FY27 Consensus EPS Downgrade Rate: 42.0 % (August 2026 reporting season post-result) · Source: FactSet, Jefferies
- Universe Reported to Date: 19.0 % (August 2026 reporting season to date) · Source: FactSet, Jefferies
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