Three popular ASX shares have released important results to the ASX over the last few days:
Bega Cheese shares enjoyed big gains on the back of positive results.
Meanwhile, Whitehaven Coal and Temple and Webster results seemingly left investors hoping for more.
Full results for each can be found here:
Following the releases, brokers have been quick to update their guidance on these ASX shares.
Here's the latest guidance.
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Temple & Webster gets a big downgrade
Bell Potter released updated guidance on Temple & Webster shares following the results.
The brokers' view is that Temple & Webster's FY26 revenue came in at the bottom of its $665–675m guidance range, while EBITDA was towards the top end.
However, FY27 has started weakly, with checkout revenue growth of only 13% compared with a challenging +28% prior-year comparison. Despite this, contribution margin has remained resilient at around 17% of revenue.
Bell Potter expects EBITDA margins to fall from the ~6% achieved in 4Q26 as lower revenue reduces fixed-cost leverage. Temple & Webster has also lowered its FY27 EBITDA guidance to $33-40m from the previously targeted $40m.
Based on this guidance, the broker has a hold recommendation and lowered its price target to $4.50 (previously $7.00).
Bega keeps on booming
Bega shares rocketed 10% on earnings results, and Bell Potter is optimistic the growth can continue.
The broker highlighted the strong revenue, EBITDA and NPAT growth in the latest results.
Bell Potter retained its buy recommendation and raised its price target to $8.05 (previously $7.75).
This indicates an upside of 21% from current levels.
Trading at 10.5x FY26e EBITDA, BGA is at a reasonable discount to listed FMCG and Dairy exposures globally, while offering compound double digit EPS growth through to FY29e.
Whitehaven Coal shares fairly valued
Whitehaven Coal shares have experienced significant volatility over the last 12 months, and the team at Morgans see little upside moving forward.
The broker said the company delivered a mixed result, with EBITDA broadly in line with consensus expectations, although underlying NPAT missed slightly.
A 6c dividend was declared, consistent with consensus. The effects of poor coal prices in the 1H provided a significant headwind for the full-year result. FY27 guidance was softer than expected, with production growth appearing limited given the unchanged upper end of group guidance, while both costs and capital expenditure expectations have moved higher.
We move to a HOLD rating (previously BUY) due to recent share price strength and valuation updates, with a reduced target price of A$8.05ps (previously A$8.50)
Whitehaven Coal shares closed trading yesterday at $7.63 each.
