Public Bank Berhad (KLSE:PBBANK) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Public Bank Berhad (KLSE:PBBANK) last week reported its latest quarterly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. It looks like the results were a bit of a negative overall. While revenues of RM3.8b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.0% to hit RM0.091 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Following the latest results, Public Bank Berhad's 18 analysts are now forecasting revenues of RM15.9b in 2027. This would be a solid 8.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.7% to RM0.40. In the lead-up to this report, the analysts had been modelling revenues of RM16.0b and earnings per share (EPS) of RM0.40 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.
View our latest analysis for Public Bank Berhad
The analysts reconfirmed their price target of RM5.57, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Public Bank Berhad analyst has a price target of RM6.55 per share, while the most pessimistic values it at RM5.10. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 6.6% growth on an annualised basis. That is in line with its 5.7% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 6.3% per year. It's clear that while Public Bank Berhad's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
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 real changes to revenue forecasts, with the business still expected to grow in line with the overall 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 Public Bank Berhad going out to 2028, and you can see them free on our platform here..
Before you take the next step you should know about the 1 warning sign for Public Bank Berhad that we have uncovered.
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