Abstract: We analyzed EPS revisions for MS-Australia index constituents in April 2026, with the index rising 1.9% from 1,674 to 1,707. The index's 2026E EPS estimate increased 48% month on month to A$92.47 from A$62.63, though individual stock EPS revisions contributed a net -A$0.898 to index EPS, with 10 stocks revised up versus 31 revised down. On EPS revision, the top gainers were Woodside Energy (+28.7%) and Washington H Soul Pattinson (+11.6%), while the top decliners were Transurban (-28.0%), Lynas Rare Earths (-19.4%), Qantas Airways (-11.5%), National Australia Bank (-10.3%), and Evolution Mining (-7.74%). By index EPS impact, BHP contributed the largest positive attribution at +A$4.9, followed by Woodside Energy (+A$2.0) and Westpac (+A$1.9). On revenue, Woodside Energy led with a +6.99% increase, while Stockland saw the sharpest decline at -14.0%.
Lynas Rare Earths, National Australia Bank, BHP, Macquarie, Santos, Westpac
A monthly review of consensus earnings revisions for MSCI Australia constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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