Calbee, Inc. (TSE:2229) shareholders are probably feeling a little disappointed, since its shares fell 2.5% to JP¥3,204 in the week after its latest half-yearly results. The result was positive overall - although revenues of JP¥176b were in line with what the analysts predicted, Calbee surprised by delivering a statutory profit of JP¥26.49 per share, modestly greater than expected. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from Calbee's six analysts is for revenues of JP¥362.8b in 2027. This would reflect an okay 3.6% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be JP¥146, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of JP¥363.7b and earnings per share (EPS) of JP¥145 in 2027. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
See our latest analysis for Calbee
With the analysts reconfirming their revenue and earnings forecasts, it's surprising to see that the price target rose 5.8% to JP¥3,058. It looks as though they previously had some doubts over whether the business would live up to their expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Calbee analyst has a price target of JP¥3,400 per share, while the most pessimistic values it at JP¥2,600. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Calbee's past performance and to peers in the same industry. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 7.4% growth on an annualised basis. That is in line with its 7.3% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.0% per year. So although Calbee is expected to maintain its revenue growth rate, it's definitely expected 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. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
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 Calbee going out to 2029, and you can see them free on our platform here..
It is also worth noting that we have found 1 warning sign for Calbee that you need to take into consideration.
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