The quarterly results for Bursa Malaysia Berhad (KLSE:BURSA) were released last week, making it a good time to revisit its performance. It looks like the results were a bit of a negative overall. While revenues of RM211m were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.6% to hit RM0.089 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Taking into account the latest results, the most recent consensus for Bursa Malaysia Berhad from 17 analysts is for revenues of RM811.2m in 2026. If met, it would imply a modest 2.6% increase on its revenue over the past 12 months. Per-share earnings are expected to increase 6.1% to RM0.35. Before this earnings report, the analysts had been forecasting revenues of RM806.5m and earnings per share (EPS) of RM0.36 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
View our latest analysis for Bursa Malaysia Berhad
It will come as no surprise then, to learn that the consensus price target is largely unchanged at RM9.28. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Bursa Malaysia Berhad at RM11.80 per share, while the most bearish prices it at RM6.90. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Bursa Malaysia Berhad's growth to accelerate, with the forecast 5.2% annualised growth to the end of 2026 ranking favourably alongside historical growth of 0.5% per annum over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 5.3% per year. Bursa Malaysia Berhad is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at RM9.28, with the latest estimates not enough to have an impact on their price targets.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Bursa Malaysia Berhad going out to 2028, and you can see them free on our platform here.
Before you take the next step you should know about the 1 warning sign for Bursa Malaysia Berhad that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.