ANZ Group Holdings Limited (ASX:ANZ) missed earnings with its latest annual results, disappointing overly-optimistic forecasters. ANZ Group Holdings missed analyst forecasts, with revenues of AU$22b and statutory earnings per share (EPS) of AU$2.39, falling short by 4.9% and 3.3% respectively. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
After the latest results, the 13 analysts covering ANZ Group Holdings are now predicting revenues of AU$23.2b in 2027. If met, this would reflect a satisfactory 7.8% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 5.9% to AU$2.56. Yet prior to the latest earnings, the analysts had been anticipated revenues of AU$23.2b and earnings per share (EPS) of AU$2.54 in 2027. 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 ANZ Group Holdings
It will come as no surprise then, to learn that the consensus price target is largely unchanged at AU$36.95. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values ANZ Group Holdings at AU$41.50 per share, while the most bearish prices it at AU$32.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting ANZ Group Holdings is an easy business to forecast or the the analysts are all using similar assumptions.
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 ANZ Group Holdings' rate of growth is expected to accelerate meaningfully, with the forecast 7.8% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 3.3% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.1% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect ANZ Group Holdings to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share 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 said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for ANZ Group Holdings going out to 2029, and you can see them free on our platform here..
And what about risks? Every company has them, and we've spotted 1 warning sign for ANZ Group Holdings you should know about.
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