3 ASX All Ords shares that saw major price action on FY22 results

These ASX All Ords shares moved big on Friday following earnings…

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It turned out to be a dream end to the trading week for the All Ordinaries Index (ASX: XAO) on Friday. At the market close, the All Ords index had gained a healthy 0.7% to finish at 7,345.8 points.

But it was an even better session for some All Ords shares, largely thanks to the ongoing avalanche of earnings reports.

So let's check out three All Ords shares that saw major share price action on the back of FY22 earnings.

Three All Ords shares with big price moves on Friday

Cobram Estate Olives Ltd (ASX: CBO)

Cobram Estate shares had a very pleasing day of trading this Friday. The All Ords olive oil producer rocketed 8.93% to close at $1.525 a share. This morning, Cobram announced $140 million in group sales for FY22, which puts the company at a 49% market share of extra virgin olive oil in Australian supermarkets.

However, total revenue fell 44.3% from FY21 to $165.5 million. Earnings before tax (EBT) also fell by 49.5% to $2.5 million. On the bottom line, Cobram reported a net loss after tax of $0.7 million, down from the $35.2 million profit reported for FY21.

Peter Warren Automotive Holdings Ltd (ASX: PWR)

Next up is automotive dealership company Peter Warren. Peter Warren shares initially bounced as high as $2.67 this morning — a 5.1% gain — but finished the day up 0.79% at $2.56. This follows the company dropping its FY22 earnings this morning, too. 

For FY22, Peter Warren reported revenue growth of 5.6% to $1.71 billion. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) rose 20.4% to $130.1 million, while profits before tax also rose by 6.8% to $80.8 million.

Superloop Ltd (ASX: SLC)

Superloop shares also saw some major price action today. But unlike the other ASX All Ords shares here, this one disappointed investors. Superloop shares closed the day down a nasty 5.63% at 75.5 cents each.

Clearly, the market didn't like what the company had to say this morning about FY22.

Superloop reported revenue growth of 137% for FY22 to $262.5 million. Underlying EBITDA was also up significantly, rising 37% to $25.4 million.

However, the company's gross margin fell from 27.6% in FY21 to 23.5% in FY22. Superloop's net loss after tax widened to $52.6 million for the financial year, up 82.5% from FY21's loss of $32 million.

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended PWR Holdings Limited and SUPERLOOP FPO. The Motley Fool Australia has positions in and has recommended PWR Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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