Revenue Beat: XTB S.A. Beat Analyst Estimates By 19%
It's been a good week for XTB S.A. (WSE:XTB) shareholders, because the company has just released its latest first-quarter results, and the shares gained 8.6% to zł149. XTB beat revenue forecasts by a solid 19% to hit zł1.1b. Statutory earnings per share came in at zł5.48, in line with expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the current consensus from XTB's five analysts is for revenues of zł3.52b in 2026. This would reflect a decent 12% increase on its revenue over the past 12 months. Per-share earnings are expected to ascend 18% to zł12.71. In the lead-up to this report, the analysts had been modelling revenues of zł3.37b and earnings per share (EPS) of zł11.62 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.
Check out our latest analysis for XTB
It will come as no surprise to learn that the analysts have increased their price target for XTB 33% to zł147on the back of these upgrades. 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. Currently, the most bullish analyst values XTB at zł159 per share, while the most bearish prices it at zł120. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that XTB's revenue growth is expected to slow, with the forecast 17% annualised growth rate until the end of 2026 being well below the historical 27% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.4% annually. So it's pretty clear that, while XTB's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around XTB's earnings potential next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
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 XTB going out to 2028, and you can see them free on our platform here..
And what about risks? Every company has them, and we've spotted 1 warning sign for XTB you should know about.
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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.