S&P/ASX 200 Index (ASX: XJO) shares are down 0.8% to 9,057.4 points as earnings season continues today.
Meanwhile, three experts share their views on three ASX shares.
Let's take a look.
Image source: Getty Images
Breville Group Ltd (ASX: BRG)
The Breville share price is $33.02, down 1.4% today and down 0.5% over 12 months.
After Breville released its FY26 results, Morgans downgraded the retail stock from buy to accumulate "purely on a valuation basis".
Morgans explained:
BRG delivered A$207m EBIT (+1% yoy) in line with guidance, in what was an exceptionally challenging year as the group navigated a volatile tariff backdrop and ongoing supply chain shocks via geopolitical conflicts.
Revenue growth was slightly below expectations (~2%), as FX headwinds in the 2H (US ~10%; EMEA ~5%) detracted from the topline.
Growth on a constant currency (cc) basis remains solid (+10%), and ongoing premiumisation tailwinds, and coffee (up double digits), have continued into FY27.
We view BRG as having emerged from this transitional year as a better business, with a robust outlook.
New market expansion continues to accelerate (+74% yoy), the NPD pipeline is strong and new initiatives (Best Buy) are driving a material step-change in sell out performance.
We expect FY27 forecasts may prove conservative, with BRG able to return to a sustainable level of growth in FY27.
Temple & Webster Group Ltd (ASX: TPW)
The Temple & Webster share price is $4.71, down 2.3% today and down 81% over 12 months.
Bell Potter has a hold rating on this ASX consumer discretionary share following the retailer's FY26 results.
Analyst Chami Ratnapala said:
While the share trades towards 3-year lows, we see multiple risks related to the revenue recovery from current levels over the next few months in this current macroeconomic context, competitive landscape and following TPW's 4Q26 profit optimisation initiatives.
We factor in some downside risk to current company expectations and see the current trading multiple (0.7x in May-26 vs 1.4x in Aug-22, on BPe) as somewhat pricing in the near-term outlook as TPW sees revenue declines similar to our omni-channel retailer coverage.
Car Group Ltd (ASX: CAR)
The Car Group share price is $28.37, down 3% today and down 29% over 12 months.
Tony Locantro from Alto Capital has a sell rating on the ASX communications share after Car's FY26 report.
On The Bull this week, Locantro said:
CAR Group operates leading digital automotive markets in Australia and internationally.
It delivered another strong result in fiscal year 2026. Reported revenue of $A1.253 billion was up 6 per cent on the prior corresponding period. Reported net profit after tax of $A314 million was up 14 per cent.
International operations continue to generate attractive long term growth and management expects further revenue growth in fiscal year 2027.
However, the company's strong operating performance is increasingly reflected in its valuation, which requires sustained double digit growth and continuing successful international execution.
In our view, the risk-reward balance in response to valuation supports a lighten recommendation.
