How did Telstra’s (ASX: TLS) share price react to last season’s earnings?

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NS Telstra Corporation Ltd (ASX: TLS) Stock prices reached a 52-week high yesterday against the backdrop of future results. Investors are positive about the company’s performance in 2009, and stock prices appear to be on the rise.

After the market closed on Tuesday, the telco’s share price rose 0.79% to $ 3.85. This means that its share is 30% higher than the November 2020 low of $ 2.66.

Below, we’ll take a closer look at what we can learn from Telstra’s stock performance last season.

What happened in the first half of 2009?

In mid-February 2021, Telstra Six months result Report to ASX and report a decline in all key indicators.

The highlights mentioned in the first half of 2009 release are summarized below.

Despite disappointing performance, investors pushed Telstra shares from $ 3.17 on February 10 to $ 3.33 the next day. However, the rise in stock prices was short-lived and quickly plummeted to $ 3.04 on March 11. This corresponds to a reduction of about 10% in 4 weeks.

What should investors be aware of during this earnings season?

With telstra Scheduled to report With Thursday’s full-year results, investors may wonder what’s on the card.

According to Goldman Sachs, the market is Expecting another loss About the business results for the second half of FY2009.

Total revenue is projected to decline by about 11% to $ 23.2 billion. However, this is within the previous guidance range of $ 22.6 billion to $ 23.2 billion.

EBITDA is also projected to decline 16% to $ 7.6 billion, with underlying EBITDA down 8% to $ 6.81 billion. Again, this is within the previous estimates of $ 6.6 billion and $ 6.9 billion.

NPAT is projected to decline 27% to $ 1.7 billion.

Telstra is expected to pay the full-frank final, regardless of lower results dividend 8 cents per share.

Telstra Stock Price Snapshot

In 2021, Telstra’s share price rose nearly 30% to pre-pandemic levels. If the company’s share price could exceed $ 4, it will be the highest in years since 2017.

Telstra Market first With about $ 45.8 billion, it is the 12th largest ASX company.

How did Telstra’s (ASX: TLS) share price react to last season’s earnings?

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