Abstract: We analyzed consensus earnings revisions for MSCI Australia index components in August 2026. The index fell 0.07% from 1,784 to 1,782, with the 2026E index EPS declining 0.64% month-on-month from A$90.43 to A$89.84, as 16 stocks saw downward revisions versus 13 upward. BHP had the largest positive index EPS impact (+A$0.48) despite a 1.9% EPS cut, while CAR (-A$0.33), Cochlear (-A$0.27), and Fortescue (-A$0.18) were the top detractors. At the stock level, Fortescue (-5.5% EPS) and Pro Medicus (-5.0%) led declines, while Vicinity Centres (+4.3%) and Santos (+3.1%) posted the strongest upward revisions. ANZ saw a modest EPS increase of +0.75% and contributed +A$0.18 to index EPS.
Qbe Insurance, ANZ, CAR, Fortescue, Northern Star Resources, Pro Medicus
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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