Results: JMDC Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
JMDC Inc. (TSE:4483) just released its latest quarterly results and things are looking bullish. The company beat forecasts, with revenue of JP¥13b, some 2.8% above estimates, and statutory earnings per share (EPS) coming in at JP¥17.28, 113% ahead of 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
After the latest results, the 13 analysts covering JMDC are now predicting revenues of JP¥60.2b in 2027. If met, this would reflect a meaningful 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 6.3% to JP¥113. In the lead-up to this report, the analysts had been modelling revenues of JP¥60.2b and earnings per share (EPS) of JP¥113 in 2027. 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 JMDC
It will come as no surprise then, to learn that the consensus price target is largely unchanged at JP¥4,262. 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. Currently, the most bullish analyst values JMDC at JP¥5,550 per share, while the most bearish prices it at JP¥3,600. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the JMDC's past performance and to peers in the same industry. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 21% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 10% annually. So although JMDC is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
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 major changes to revenue forecasts, with the business still expected to grow faster than the wider 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 in mind, we wouldn't be too quick to come to a conclusion on JMDC. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for JMDC going out to 2029, 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 JMDC that we have uncovered.
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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.