Construtora Tenda S.A. (BVMF:TEND3) defied analyst predictions to release its quarterly results, which were ahead of market expectations. The company beat expectations with revenues of R$1.3b arriving 3.3% ahead of forecasts. Statutory earnings per share (EPS) were R$1.38, 8.8% ahead of estimates. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Construtora Tenda after the latest results.
Following the latest results, Construtora Tenda's eleven analysts are now forecasting revenues of R$5.25b in 2026. This would be a decent 9.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to expand 14% to R$5.40. In the lead-up to this report, the analysts had been modelling revenues of R$5.20b and earnings per share (EPS) of R$5.33 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 Construtora Tenda
It will come as no surprise then, to learn that the consensus price target is largely unchanged at R$44.79. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Construtora Tenda analyst has a price target of R$58.00 per share, while the most pessimistic values it at R$37.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Construtora Tenda shareholders.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that Construtora Tenda's rate of growth is expected to accelerate meaningfully, with the forecast 20% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 13% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 12% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Construtora Tenda to grow faster than the wider industry.
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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that in mind, we wouldn't be too quick to come to a conclusion on Construtora Tenda. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Construtora Tenda analysts - going out to 2028, and you can see them free on our platform here.
You still need to take note of risks, for example - Construtora Tenda has 2 warning signs we think you should be aware of.
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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.