MINEBEA MITSUMI Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
As you might know, MINEBEA MITSUMI Inc. (TSE:6479) just kicked off its latest quarterly results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 3.0% to hit JP¥427b. MINEBEA MITSUMI reported statutory earnings per share (EPS) JP¥53.03, which was a notable 11% above what the analysts had forecast. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Following last week's earnings report, MINEBEA MITSUMI's 15 analysts are forecasting 2027 revenues to be JP¥1.71t, approximately in line with the last 12 months. Statutory earnings per share are forecast to sink 20% to JP¥218 in the same period. Before this earnings report, the analysts had been forecasting revenues of JP¥1.70t and earnings per share (EPS) of JP¥218 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 MINEBEA MITSUMI
There were no changes to revenue or earnings estimates or the price target of JP¥4,795, suggesting that the company has met expectations in its recent result. 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. Currently, the most bullish analyst values MINEBEA MITSUMI at JP¥5,750 per share, while the most bearish prices it at JP¥2,300. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 1.3% by the end of 2027. This indicates a significant reduction from annual growth of 9.6% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 6.3% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - MINEBEA MITSUMI is expected to lag 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, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that MINEBEA MITSUMI's revenue is expected to perform worse than the wider industry. The consensus price target held steady at JP¥4,795, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on MINEBEA MITSUMI. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple MINEBEA MITSUMI analysts - going out to 2029, and you can see them free on our platform here.
However, before you get too enthused, we've discovered 1 warning sign for MINEBEA MITSUMI 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.