How did the JB Hi-Fi (ASX:JBH) share price respond last earnings season?

What should investors expect of the JB Hi-Fi share price when FY21 results are released on Monday?
The post How did the JB Hi-Fi (ASX:JBH) share price respond last earnings season? appeared first on The Motley Fool Australia. –

The JB Hi-Fi Limited (ASX: JBH) share price has been trading sideways since August last year, struggling to break above about $54 and bouncing off lows of about $43.

Before JB Hi-Fi delivers its full year FY21 results on Monday, 16 August, we wondered if previous earnings could provide any insight as to how its shares might respond?

JB Hi-Fi share price rallies on prior earnings

During August reporting season last year, JB Hi-Fi delivered a well-rounded result with total sales up 11.6% to $7.9 billion, while underlying net profit after tax (NPAT) surged 33.2% to $332.7 million.

The JB Hi-Fi share price rallied as much as 8.58% to $51.33 on the day of the announcement, before closing 4.92% higher at $49.60.

The FY20 results announcement also advised that sales momentum had continued into the first month of FY21, with July 2020 Australian sales up 42.1% on the prior corresponding period.

Following earnings season, the JB Hi-Fi share price rallied to highs of about $52.50 in late August and mid-October but failed to push any higher.

JB Hi-Fi shares moved in a similar fashion following the company’s 1H 21 results on 15 February.

The half-year results delivered a solid 23.7% increase in total sales to $4.9 billion, with NPAT surging 86.2% to $317.7 million.

The JB Hi-Fi share price surged 8.96% to a record high of $55.25 before closing 6.50% higher at $54.

JB Hi-Fi earnings preview

JB Hi-Fi has already provided investors with a solid preview of what to expect in its upcoming FY21 results.

In an update on sales and full year 2021 results on 20 July, the company cited preliminary unaudited sales growth of 12.6% to $8.916 billion and a 67.4% increase in NPAT to $506.1 million.

JB Hi-Fi Group CEO Richard Murray commented on the results saying:

We are pleased to report record sales and earnings for FY21. Our continued focus on the customer, and investments in our online business and our supply chain, have enabled us to seamlessly meet our customers’ increased demand both instore and online.”

The JB Hi-Fi share price lifted 3.73% higher to $49.51 on the day of the update.

Murray will depart JB Hi-Fi at the end of this month.

The post How did the JB Hi-Fi (ASX:JBH) share price respond last earnings season? appeared first on The Motley Fool Australia.

Should you invest $1,000 in JB Hi-Fi right now?

Before you consider JB Hi-Fi, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and JB Hi-Fi wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of May 24th 2021

More reading

FY 2021 results preview: Is the JB Hi-Fi (ASX:JBH) share price in the buy zone?
2 ASX dividend shares that could be buys with yields above 5%

COVID Delta is raging: 4 ASX shares to buy in turbulent times

2 high-yielding ASX 200 dividend shares

The Zip (ASX:Z1P) share price is the best performing BNPL of 2021

Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!