As earnings results continue to be released, brokers are busy updating their outlooks on plenty of ASX 300 shares. 

The team at Morgans has just provided fresh guidance on Lottery Corporation Ltd (ASX: TLC) and Superloop Ltd (ASX: SLC). 

Both companies have faced headwinds over the last 12 months, resulting in share price losses between 3% and 8% in that span. 

What did the companies report?

As reported by James Mickleboro earlier this week, Lottery Corporation announced resilient FY26 results. The company maintained a fully franked full-year dividend and continued growth in its Keno business, despite rare unfavourable jackpot outcomes.

EBITDA (before significant items) of $736.1 million was down 1.8%, while NPAT (before significant items) of $342.5 million was down 6.3%. 

Meanwhile, Superloop announced underlying EBITDA increased 33% to $122.7 million, exceeding the top end of upgraded guidance. 

Revenue was up 21.6% to $664.3 million with 205,000 net new customers. 

The full releases can be found here: 

• Superloop FY Results
• Lottery Corporation FY Results. 

Following these results, Morgans provided commentary on both ASX 300 companies. 

Morgans’ view on Superloop shares 

Morgans said given the upgraded FY26 EBITDA guidance in mid-June 2026, the result was largely as expected. 

It is worth noting underlying EBITDA was slightly above the top end of guidance, marking the third upgrade in FY26. The composition of the result underpins our comfort that FY27 consensus expectations for ~$150m of underlying EBITDA are achievable. We retain our HOLD recommendation but lift our Target Price to $3.40.

From yesterday’s closing price, this target indicates almost 9% upside. 

Morgans’ view on Lottery Corporation shares 

Morgans said this ASX 300 stock delivered a resilient FY26 result. 

Price retention held up well, with 63% on Powerball and 100% on Saturday lotto, and the dividend was maintained at 16.5cps. Looking ahead, new FY27 guidance rebases opex to $305-315m and D&A to $125-130m, and with conditions still softer against undemanding comps, we have cut our top-line Lotteries forecasts by 2-3% across FY27-28F.

Below the line, the reclassification of Keno revenue, the exit from online Keno and higher interest costs following the Victorian licence renewal drive c.6-7% EPS cuts. We retain our Hold recommendation, with a revised price target of $5.60 (prev. $5.70).

From yesterday’s closing price, this updated target indicates a modest upside of just over 7%. 

The post What is Morgan’s view on these ASX 300 shares following earnings results? appeared first on The Motley Fool Australia.

More reading

• 3 ASX stocks UBS rates as a buy after recent results
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• The Lottery Corporation FY26 earnings: steady results, dividend held
• Superloop FY26 earnings: EBITDA up 33% as customer growth surges
• 5 things to watch on the ASX 200 on Wednesday

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 positions in and has recommended The Lottery Corporation. The Motley Fool Australia has recommended The Lottery Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Yesterday, Genesis Minerals Ltd (ASX: GMD) reported record FY26 earnings, with EBITDA more than doubling to A$952 million and an 81% jump in cash and equivalents to A$520 million. The board also declared its maiden fully franked dividend of 5.0 cents per share.

What did Genesis Minerals report?

• EBITDA up 110% to A$952.4 million (FY25: A$454.1m)
• Underlying NPAT up 147% to A$546.9 million; Statutory NPAT A$601.8 million, including a one-off tax benefit
• Sales revenue rose 89% to A$1,742.4 million
• Gold production up 33% to 285,402 ounces; AISC A$2,670/oz, within guidance
• Cash and equivalents at A$520.1 million, up from A$286.9 million
• Maiden fully franked dividend of A5.0 cents per share
• Acquisition of Magnetic Resources completed, adding the high-grade Lady Julie deposit

What else do investors need to know?

Genesis wrapped up FY26 in a strong financial position, having completed the acquisition of Magnetic Resources for A$447 million in cash and 28 million shares. This move expanded the company’s gold resources and strengthened its foothold in WA’s Laverton region.

Growth-related project and exploration spending (excluding acquisitions) totalled A$275 million, including key developments at Tower Hill and Ulysses. Genesis also upsized its corporate finance facility to A$300 million during the year and repaid earlier drawn debt.

Maiden dividends mark a milestone, rewarding share owners for the company’s transformation since starting gold production in 2023. The planned merger with Vault, on track for completion in November 2026, is expected to double Genesis’s annual production to over 600,000 ounces and create a top-tier gold company globally.

What did Genesis Minerals management say?

Executive Chairman Raleigh Finlayson said:

These outstanding financial results reflect the strength of our exceptional asset base and our overarching commitments to safety, growth and meeting targets… In light of this result and the outlook for strong ongoing cash generation, we have declared a maiden fully franked dividend of 5.0c per share. We believe this strikes the right balance between ensuring we are well capitalised to take advantage of growth opportunities while also returning cash to shareholders.

What’s next for Genesis Minerals?

Looking ahead, Genesis plans to finalise its merger with Vault, targeting completion by November 2026. The combined group expects to unlock around A$2 billion in post-tax synergies over the next decade, creating a major player in the global gold sector.

A formal strategic plan for the merged entity is set for release in the first half of 2027. This will provide fresh production and cost guidance, alongside a new capital management framework—including future dividend policy. For FY27, Genesis is guiding standalone gold production of 270,000–300,000 ounces at slightly increased all-in sustaining costs, with additional spending on growth and exploration.

Genesis Minerals share price snapshot

Over the past 12 months, Genesis Minerals shares have risen 88%, significantly outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Genesis Minerals FY26 earnings: profit, growth, maiden dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Three popular ASX shares have released important results to the ASX over the last few days:

• Whitehaven Coal Ltd (ASX: WHC)
• Bega Cheese Ltd (ASX: BGA)
• Temple & Webster Group Ltd (ASX: TPW). 

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: 

• Whitehaven Coal Results
• Bega Cheese Results
• Temple and Webster Results.

Following the releases, brokers have been quick to update their guidance on these ASX shares. 

Here’s the latest guidance. 

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. 

The post Buy, hold, sell: Bega Cheese, Temple & Webster and Whitehaven Coal shares after results appeared first on The Motley Fool Australia.

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• Bega Cheese defies headwinds with strong FY26 results and upbeat outlook
• Here’s how experts view Whitehaven Coal and BHP shares after full-year results

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 positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.