Broker weighs in on two ASX All Ords shares following earnings results

Two ASX All Ords shares that reported earnings results yesterday are Abacus Storage King (ASX: ASK) and New Hope Corp Ltd (ASX: NHC). 

As earnings results continue to roll in, investors react which can lead to significant share price swings. 

Both of these ASX All Ordinaries (ASX: XAO) shares saw positive movement yesterday following their results. 

Here’s what the companies reported. 

Results overview

Abacus Storage King is an ASX REIT and fully integrated owner and operator of 128 operating self-storage facilities and 21 future-self-storage development sites across Australia and New Zealand.

It released HY26 Results yesterday which included:

• Statutory profit of $71.1 million, up 4.8% on HY25
• Funds from Operations (FFO) of $41.0 million, down 5.3% on HY25
• Net Tangible Assets (NTA) of $1.76 per security, up 1.1% on FY25
• Distribution per security unchanged at 3.10 cents. 

Its share price climbed 2.3% higher on the back of these results. 

Another ASX All Ords stock that reported yesterday was New Hope Corp. 

It is a low-cost thermal coal producer, through its primary operations in New South Wales and Queensland. 

It released Q2 FY26 earnings which included: 

• Group Run of Mine (ROM) coal production: 4.1 million tonnes, up 4.8% from last quarter
• Coal sales: 2.9 million tonnes, up 8.2% from last quarter
• Average realised sales price: $139.0 per tonne, up from $136.6 per tonne
• Underlying EBITDA: $106.9 million for the quarter, and $214.8 million for the first half FY26. 

Its share price rose just over 1% following this announcement. 

One buy and one sell from Bell Potter

Following the results, Bell Potter released fresh analysis on both companies. 

It retained its buy recommendation on Abacus Storage shares on a sector relative basis. 

This was along with a price target of $1.70. 

This indicates an upside of approximately 9.7% from yesterday’s closing price of $1.55. 

We continue to like ASK on a sector relative basis as the sole way to gain exposure to Australian self-storage and, per our recent initiation, there continues to be a disconnect between listed-market storage valuations (ASK now -12% to NTA) and private markets (Brookfield / GIC take-private bid for NSR at +9% premium).

Meanwhile, Bell Potter is bearish on New Hope shares. 

The broker has a sell recommendation, along with an updated price target of $4.10. 

This indicates a downside of 14%. 

We move to a sell recommendation following recent share price strength and a subdued thermal coal price outlook. NHC’s low-cost operations will continue to underpin margins through the coal price cycle, funding capital expenditure commitments and supporting shareholder returns.

The post Broker weighs in on two ASX All Ords shares following earnings results appeared first on The Motley Fool Australia.

More reading

• 3 reasons to buy New Hope shares today
• New Hope Corporation Q2 FY26 earnings: coal sales and EBITDA hold steady
• Abacus Storage King posts profit growth, reaffirms outlook for 2026
• Buy, hold, sell: BHP, Hub24, and New Hope shares
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.