Analyst Estimates: Here's What Brokers Think Of Jumbo S.A. (ATH:BELA) After Its Half-Yearly Report
Jumbo S.A. (ATH:BELA) shareholders are probably feeling a little disappointed, since its shares fell 2.3% to €24.54 in the week after its latest half-yearly results. It was a credible result overall, with revenues of €519m and statutory earnings per share of €0.90 both in line with analyst estimates, showing that Jumbo is executing in line with expectations. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Following the latest results, Jumbo's eight analysts are now forecasting revenues of €1.30b in 2026. This would be a modest 3.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 2.1% to €2.46. Before this earnings report, the analysts had been forecasting revenues of €1.31b and earnings per share (EPS) of €2.44 in 2026. 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 Jumbo
The analysts reconfirmed their price target of €32.91, 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 Jumbo analyst has a price target of €39.00 per share, while the most pessimistic values it at €26.30. 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 Jumbo shareholders.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that Jumbo's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 7.3% growth on an annualised basis. This is compared to a historical growth rate of 9.9% over the past five years. Compare this to the 153 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 6.2% per year. So it's pretty clear that, while Jumbo's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at €32.91, with the latest estimates not enough to have an impact on their price targets.
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 Jumbo going out to 2028, and you can see them free on our platform here..
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Jumbo , and understanding this should be part of your investment process.
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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.