If you're looking for some post-results buys this earnings season, then check out the three ASX shares listed below.
They have all been given the equivalent of buy ratings from analysts at Morgans following their results. Here's what you need to know about them:
HomeCo Daily Needs REIT (ASX: HDN)
This daily needs focused property company's FY 2023 results got the thumbs up from Morgans. It highlights that "HDN's FY23 result was in line with guidance with portfolio metrics remaining stable."
In response to the result, the broker has retained its add rating with a trimmed price target of $1.39. This implies a potential upside of 20% for investors. In addition, the broker points out that this ASX share "offers a 7% distribution yield."
Orora Ltd (ASX: ORA)
Morgans was impressed with this packaging company's FY 2023 result, noting that it "was above expectations with earnings for both Australasia and North America ahead of our forecasts."
Pleasingly, the broker doesn't believe it is too late to invest. It thinks its "valuation remains attractive despite the recent strong performance in the share price."
Its analysts have an add rating and a $4.05 price target on Orora's shares. This implies a 10% upside for investors.
Super Retail Group Ltd (ASX: SUL)
Another ASX share that impressed Morgans was Super Retail. The broker highlights that "SUL reported positive growth in sales and earnings in FY23, despite cycling elevated comps."
Its analysts also highlight that Super Retail declared a special dividend. Pleasingly, it doesn't expect this to be the last. It said: "SUL declared a 25c special dividend, and at this stage we think it will declare another one this time next year."
Morgans has an add rating and a $15 price target on Super Retail's shares. This suggests a 15% upside from current levels.
