Calbee, Inc. (TSE:2229) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
The first-quarter results for Calbee, Inc. (TSE:2229) were released last week, making it a good time to revisit its performance. The result was positive overall - although revenues of JP¥87b were in line with what the analysts predicted, Calbee surprised by delivering a statutory profit of JP¥33.59 per share, modestly greater than expected. 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.
Taking into account the latest results, the most recent consensus for Calbee from six analysts is for revenues of JP¥366.5b in 2027. If met, it would imply a reasonable 6.3% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be JP¥147, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of JP¥366.4b and earnings per share (EPS) of JP¥145 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.
Check out our latest analysis for Calbee
There were no changes to revenue or earnings estimates or the price target of JP¥2,992, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Calbee analyst has a price target of JP¥3,600 per share, while the most pessimistic values it at JP¥2,600. 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.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Calbee's growth to accelerate, with the forecast 8.5% annualised growth to the end of 2027 ranking favourably alongside historical growth of 7.0% per annum 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 Calbee 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. Happily, there were no major changes to revenue forecasts, with the business still 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. We have estimates - from multiple Calbee analysts - going out to 2029, and you can see them free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Calbee that 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.