Abstract: We analyzed the earnings revision of MS-Australia index constituents for May 2026. The index rose 0.47% to 1,715, while the 2026E consensus EPS declined 0.12% month-on-month to A$92.36, with 18 stocks revised up against 24 revised down. Individual stock EPS revisions contributed -A$0.0815 to the index EPS change. The largest negative EPS impacts came from CSL (ΔIndex EPS=-A$0.28, stock EPS -8.3%), National Australia Bank (ΔIndex EPS=-A$0.20, stock EPS -5.0%), and Evolution Mining (ΔIndex EPS=-A$0.13), while Woodside Energy (ΔIndex EPS=+A$0.23, stock EPS +2.1%) and ANZ (ΔIndex EPS=+A$0.15, stock EPS +0.4%) were the top positive contributors. On a stock EPS revision basis, BHP (+3.74%), Pro Medicus (+3.49%), and Fortescue (+2.32%) led the upgrades, while CSL (-8.32%), National Australia Bank (-4.97%), and Brambles (-4.81%) saw the steepest cuts.
Sigma Pharmaceuticals, Fortescue, Evolution Mining, National Australia Bank, CSL, ANZ
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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