Port of Tauranga Limited (NZSE:POT) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
The yearly results for Port of Tauranga Limited (NZSE:POT) were released last week, making it a good time to revisit its performance. It was an okay report, and revenues came in at NZ$486m, approximately in line with analyst estimates leading up to the results announcement. 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.
Following the latest results, Port of Tauranga's five analysts are now forecasting revenues of NZ$506.7m in 2027. This would be a reasonable 4.2% improvement in revenue compared to the last 12 months. Before this earnings report, the analysts had been forecasting revenues of NZ$516.7m and earnings per share (EPS) of NZ$0.26 in 2027. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.
View our latest analysis for Port of Tauranga
We'd also point out that thatthe analysts have made no major changes to their price target of NZ$7.90. 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 Port of Tauranga analyst has a price target of NZ$9.60 per share, while the most pessimistic values it at NZ$6.71. 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 Port of Tauranga shareholders.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Port of Tauranga's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Port of Tauranga's revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 4.2% growth on an annualised basis. This is compared to a historical growth rate of 6.7% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.2% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Port of Tauranga.
The Bottom Line
The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.
We have estimates for Port of Tauranga from its five analysts out to 2029, and you can see them free on our platform here.
It might also be worth considering whether Port of Tauranga's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
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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.