Earnings Update: Jadestone Energy plc (LON:JSE) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts
It's been a good week for Jadestone Energy plc (LON:JSE) shareholders, because the company has just released its latest interim results, and the shares gained 3.5% to UK£0.33. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
After the latest results, the consensus from Jadestone Energy's five analysts is for revenues of US$392.0m in 2026, which would reflect a discernible 5.3% decline in revenue compared to the last year of performance. Per-share statutory losses are expected to explode, reaching US$0.0019 per share. In the lead-up to this report, the analysts had been modelling revenues of US$407.5m and earnings per share (EPS) of US$0.013 in 2026. The analysts have made an abrupt about-face on Jadestone Energy, administering a small dip in to revenue forecasts and slashing the earnings outlook from a profit to loss.
See our latest analysis for Jadestone Energy
There was no major change to the consensus price target of UK£0.67, signalling that the business is performing roughly in line with expectations, despite lower earnings per share forecasts. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Jadestone Energy, with the most bullish analyst valuing it at UK£0.71 and the most bearish at UK£0.54 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Jadestone Energy is an easy business to forecast or the the analysts are all using similar assumptions.
Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 10% by the end of 2026. This indicates a significant reduction from annual growth of 5.6% over the last five years. Yet aggregate analyst estimates for other companies in the industry suggest that industry revenues are forecast to decline 0.7% per year. The forecasts do look bearish for Jadestone Energy, since they're expecting it to shrink faster than the industry.
The Bottom Line
The most important thing to take away is that the analysts are expecting Jadestone Energy to become unprofitable next year. Unfortunately they also downgraded their revenue estimates, and our analysts estimates suggest that Jadestone Energy is still expected to perform worse than the wider industry. The consensus price target held steady at UK£0.67, with the latest estimates not enough to have an impact on their price targets.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Jadestone Energy going out to 2028, and you can see them free on our platform here..
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Jadestone Energy that you should be aware of.
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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.