It takes some courage to buy an ASX share after it's had a big price jump.
First, you have to get through the lamenting of not buying the stock before its latest surge.
Then, you need to overcome the fear that you might buy it right before an inconvenient correction.
What's an investor to do?
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Updated broker ratings post-earnings season
One thing we can do is look to the experts to see whether they think a recent ASX riser is a buy, hold, or sell.
So, that's what we've done here.
The following ASX shares received some of the biggest share price boosts after their results were released last month.
Here's how some of the top brokerage houses are rating these ASX shares now.
4 ASX shares that had major price jumps in earnings season
IDP Education Ltd (ASX: IEL)
IDP Education reported a 14% revenue dive to $882.2 million for FY25.
The company also revealed a 48% plunge in its adjusted earnings before interest and tax (EBIT) to $119 million.
Despite this, the ASX consumer discretionary share lifted 23.8% within two days of its report.
IDP Education shares closed at $5.55 on Thursday, down 3.14% for the day, and up 22.2% since its report was released.
Morgans has a hold rating and $6.30 price target on IDP Education shares.
The broker described FY25 as "a challenged year" for IDP Education, given continued government policy tightening on immigration.
Morgans said:
IEL's 2H cash flow conversion was strong and the balance sheet position is sound.
Earnings guidance assisted in providing market confidence that earnings have likely found a cyclical base.
FY27 sets up to be a potentially meaningful recovery year for IEL if volumes improve …
Macquarie has an outperform rating on IDP Education shares with a 12-month price target of $5.55.
The broker said:
Despite disappointing operating performance in FY25, the cost-out, underlying improvement in FY26e and cash generation remain
attractive.
Worley Ltd (ASX: WOR)
Worley reported a 4% increase in revenue to $12,050 million and a 14% jump in underlying NPATA to $475 million for FY25.
The ASX industrial share lifted 16.1% within two days of its report.
The Worley share price closed at $14.58 on Thursday, down 0.34% for the day and up 15.7% since its report was released.
Morgans has retained its buy rating with a price target of $16.80.
The broker said:
WOR's outlook for FY26 remains positive with the group flagging that they are not seeing any material project cancellations, across end markets, providing confidence in moderate revenue growth & stable EBITA margins in FY26.
AMP Ltd (ASX: AMP)
AMP reported a 1.8% rise in revenue to $632 million and a 9.2% lift in underlying net profit after tax (NPAT) to $131 million for 1H FY25.
The ASX financial share lifted 12.6% within two days of its financial report.
AMP shares closed at $1.67 on Thursday, up 2.45% for the day and up 0.6% since its report was released.
Top broker Macquarie says AMP shares are now trading on a forward price-to-earnings (P/E) ratio of 14.9x.
While that's lower than the current market average P/E, it's 0.7 standard deviations higher than AMP's historical norm.
So, Macquarie has a neutral rating on AMP shares with a 12-month price target of $1.70.
The broker said:
Valuation fair: Pre-result, AMP traded at a ~14.3x 12-month forward P/E, ~2% above the 3-yr average of ~14.1x.
This translated to a ~28% discount vs the ASX100 (compared with the 3-year average discount of ~11%).
Coles Group Ltd (ASX: COL)
Coles reported a 3.6% lift in reported sales revenue to $44.35 billion and an underlying NPAT of $1.18 billion, up 3.1%, for FY25.
The ASX consumer staples share lifted 12% within two days of its report.
The Coles share price closed at $24.09 today, up 0.75%, and up 16.2% since its report was released.
Macquarie has an outperform rating and $25.40 price target on Coles shares.
Morgans retained its hold rating and increased its price target from $20.95 to $23.45.
The broker said:
We continue to view COL as a quality business with defensive attributes and structural tailwinds from population growth.
We would consider adopting a more positive stance on the stock should the share price weaken.
