Telstra Group Ltd (ASX: TLS) shares tumbled further into the red on Thursday.

At the close of the ASX on Thursday afternoon, the ASX telco stock had tumbled around 1% and ended the day at an annual low of just $4.71 a piece.

The shares are now down over 6% since the company posted its FY26 update last week, and have now shed around 16% of their value from a 10-year high of $5.55 recorded in mid-May.

For the year to date, Telstra shares are down around 4%.

What pushed Telstra shares to a fresh low this week?

It looks like the telco’s FY26 results announcement last week was the catalyst. 

The company posted a 0.8% decline in revenue, a 4.9% increase in NPAT, and a 4% increase in EBITDA.

Telstra also posted a final dividend of 10.5 cents per share with 90.48% franking, up 10.5% from the 9.5 cents with 100% franking paid in FY25.

The company also announced a further on-market share buyback of up to $1 billion. Telstra completed its $1.25 billion on-market share buyback in June. 

In FY 2027, Telstra expects continued underlying EBITDA growth with an earnings guidance range between $8.5 billion and $8.8 billion.

It looks like the results were a miss versus expectations, and investors weren’t too thrilled. They’ve continued taking their gains off the table following a huge rally earlier this year.

So, what’s next?

Here’s what the experts have to say.

Here’s the outlook for Telstra shares over the next 12 months

It looks like analysts and brokers are reserved about the outlook for the telco stock following its results.

Market Index data shows that the majority of brokers have a hold rating on the shares. But the $5.06 average target price now implies around an 8% upside at the time of writing.

Similarly, on TradingView, the majority of analysts also have a hold rating on Telstra shares. The average $5 target price implies around a potential 7% upside at the time of writing. But the range between the minimum and maximum is quite large. Some think the shares could fall another 10% to $4.20, and others think the shares could jump 17% higher to $5.50 a piece, over the next 12 months.

Morgans confirmed its hold rating and $5 target price on Telstra shares following the announcement. The broker said the result and FY27 guidance are largely as expected, with FY26 itself coming in at the middle-to-top end of guidance.

Bell Potter agrees that the Telstra result is largely in line with expectations, although total income and NPAT were softer than forecasts. The broker has a hold rating but lowered its target price to $4.80.

The post Telstra shares hit fresh 52-week low: What’s next for the ASX 200 telco stock? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 positions in and has recommended Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Guzman y Gomez Ltd (ASX: GYG) share price is in focus today after the company reported record underlying earnings for FY26 and completed its exit from US operations. Network sales rose 17.9% to $1.38 billion, while underlying EBITDA surged 28.7% to $85.0 million.

What did Guzman y Gomez report?

• Network sales jumped 17.9% year on year to $1,377.8 million
• Underlying EBITDA increased 28.7% to $85.0 million
• Statutory NPAT lifted 31.6% to $40.6 million; underlying NPAT up 29.7% to $53.4 million
• Opened 35 new restaurants during FY26, taking the total to 284 globally as at 30 June 2026
• Declared a fully franked full year dividend of 48.0 cents per share, including a special dividend
• Completed exit from US operations, with statutory group NPAT loss (inc. discontinued ops) of $(26.7) million

What else do investors need to know?

Guzman y Gomez maintained a strong balance sheet, finishing the year with $171 million in cash and no debt. The company deployed $100 million in share buybacks during the year and announced a further $100 million buyback.

Restaurant network expansion remains a key priority, with 117 Australian sites in the pipeline and plans to open 35 new Australian restaurants in FY27. Technology investment was highlighted, including deployment of AI tools to streamline kitchen operations.

GYG welcomed two new non-executive directors, George Wahby and Guy Fowler, whose appointments bring additional experience in scaling businesses. Their nominations are subject to shareholder approval later in 2026.

What did Guzman y Gomez management say?

Guzman Y Gomez’ founder and co-CEO, Steven Marks, said:

This year marks the twentieth anniversary since we opened our first GYG restaurant in Newtown, Sydney. I am incredibly proud of the growth we have delivered in that time, the people who have delivered it and the strength of the operating platform we have built.

Our Australia Segment has reported network sales of $1.4 billion, up 17.9% on last year, demonstrating continued consumer demand for clean, fresh, made-to-order food, loaded with flavour and prepared at speed. This momentum has translated into strong earnings growth, with underlying EBITDA up 28.7%, highlighting the strong operating leverage embedded in our business.

What’s next for Guzman y Gomez?

Looking ahead to FY27, Guzman y Gomez is targeting the opening of 35 new restaurants in Australia and expects underlying EBITDA margin as a percentage of network sales to expand to 6.7–6.9%. Early trading in FY27 is positive, with strong comp sales growth reported.

Over the medium term, GYG aims for continued network expansion, steady comp sales growth, margin improvement from drive-thru penetration, and ongoing investment in digital and operational efficiencies. The company continues to target underlying EBITDA margin of around 10% of network sales.

Guzman y Gomez share price snapshot

The Guzman Y Gomez share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of almost 20%.

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The post Guzman y Gomez delivers record FY26 results, launches new buyback appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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.

The MGX Resources Ltd (ASX: MGX) share price is in focus as the company reported a net loss after tax of $30.2 million and completed a major transition from iron ore to gold during FY26.

What did MGX Resources report?

• Sales revenue of $204.0 million, down from $330.5 million the previous year
• Iron ore sales of 2.68 million tonnes, including 1.81 million tonnes of low-grade material
• Profit before tax and impairments was $29.1 million
• Reported net loss after tax of $30.2 million, narrowing from $82.2 million loss in FY25
• Cash and investments of $412.1 million at 30 June 2026
• Koolan Island divestment agreement for at least $20.2 million plus revenue share and rehabilitation cost assumption

What else do investors need to know?

The year was a turning point for MGX Resources as it repositioned its business from iron ore towards precious metals. The company completed the Koolan Island low-grade iron ore sales program, generating positive cash flow and fully funding site rehabilitation and wind-down activities.

MGX executed a binding agreement to divest Koolan Island to Crestlink, helping preserve its strong, debt-free balance sheet. The company also acquired a 50% interest in the Central Tanami Project Joint Venture, fast-tracking its entry into Australian gold production.

What did MGX Resources management say?

MGX Resources CEO Peter Kerr said:

MGX completed a successful transitional year with the low-grade sales program at Koolan Island surpassing expectations to generate positive cashflow to fully fund site rehabilitation and ramp-down activities

Together with the recently announced agreement to divest Koolan Island to logistics proponent Crestlink, this helped MGX preserve its strong debt-free balance sheet which will enable the business to focus on accelerating the high-grade Central Tanami Gold Project towards a development decision.

MGX is well positioned to utilise its hard-earned iron ore cash reserves to realise substantial shareholder value as it seeks to create a new high-quality Australian gold production business.

What’s next for MGX Resources?

Looking ahead, MGX will focus on completing the Koolan Island divestment and fully transitioning operations to gold. The company is accelerating work at the Central Tanami Gold Project, including resource definition drilling, infrastructure upgrades, and pushing towards a development decision.

MGX plans to leverage its significant cash reserves and mining expertise to develop the Tanami project and grow its footprint in Australian gold production.

MGX Resources share price snapshot

Over the past 12 months, MGX Resources shares have declined 8%, trailing the All Ordinaries Index (ASX: XJO), which is flat over the same period.

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The post MGX Resources narrows FY26 loss as it moves from iron ore to gold 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.