The Public Bank Berhad (KLSE:PBBANK) First-Quarter Results Are Out And Analysts Have Published New Forecasts
Public Bank Berhad (KLSE:PBBANK) just released its latest quarterly report and things are not looking great. Public Bank Berhad missed analyst forecasts, with revenues of RM3.6b and statutory earnings per share (EPS) of RM0.091, falling short by 2.6% and 3.7% respectively. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Taking into account the latest results, the most recent consensus for Public Bank Berhad from 19 analysts is for revenues of RM15.2b in 2026. If met, it would imply an okay 3.6% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 3.7% to RM0.39. In the lead-up to this report, the analysts had been modelling revenues of RM15.3b and earnings per share (EPS) of RM0.39 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
Check out our latest analysis for Public Bank Berhad
The analysts reconfirmed their price target of RM5.44, showing that the business is executing well and in line with expectations. 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. There are some variant perceptions on Public Bank Berhad, with the most bullish analyst valuing it at RM6.60 and the most bearish at RM4.50 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Public Bank Berhad's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Public Bank Berhad's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 4.8% growth on an annualised basis. This is compared to a historical growth rate of 6.6% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.9% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Public Bank Berhad.
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 Public Bank Berhad's revenue is expected to perform worse than the wider industry. The consensus price target held steady at RM5.44, 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 Public Bank Berhad. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Public Bank Berhad analysts - 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 Public Bank Berhad , 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.