Anritsu Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Last week saw the newest half-year earnings release from Anritsu Corporation (TSE:6754), an important milestone in the company's journey to build a stronger business. It was a pretty mixed result, with revenues beating expectations to hit JP¥69b. Statutory earnings fell 9.3% short of analyst forecasts, reaching JP¥25.52 per share. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the consensus forecast from Anritsu's ten analysts is for revenues of JP¥143.7b in 2027. This reflects a satisfactory 6.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to grow 19% to JP¥134. Before this earnings report, the analysts had been forecasting revenues of JP¥142.2b and earnings per share (EPS) of JP¥126 in 2027. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

Check out our latest analysis for Anritsu

The consensus price target was unchanged at JP¥4,008, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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 Anritsu analyst has a price target of JP¥5,200 per share, while the most pessimistic values it at JP¥1,670. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Anritsu's rate of growth is expected to accelerate meaningfully, with the forecast 13% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 3.2% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 10% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Anritsu to grow faster than the wider industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Anritsu following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at JP¥4,008, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Anritsu 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 2 warning signs for Anritsu that you should be aware of.

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