JNBY Design Limited (HKG:3306) Just Released Its Annual Results And Analysts Are Updating Their Estimates
Investors in JNBY Design Limited (HKG:3306) had a good week, as its shares rose 3.0% to close at HK$21.14 following the release of its yearly results. JNBY Design reported in line with analyst predictions, delivering revenues of CN¥6.0b and statutory earnings per share of CN¥1.89, suggesting the business is executing well and in line with its plan. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Following the latest results, JNBY Design's nine analysts are now forecasting revenues of CN¥6.50b in 2027. This would be a satisfactory 7.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 6.6% to CN¥2.03. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥6.41b and earnings per share (EPS) of CN¥2.02 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.
View our latest analysis for JNBY Design
There were no changes to revenue or earnings estimates or the price target of HK$25.47, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values JNBY Design at HK$26.87 per share, while the most bearish prices it at HK$23.50. This is a very narrow spread of estimates, implying either that JNBY Design is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the JNBY Design'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 7.6% growth on an annualised basis. That is in line with its 8.9% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 6.4% per year. It's clear that while JNBY Design's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
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 HK$25.47, with the latest estimates not enough to have an impact on their price targets.
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 JNBY Design going out to 2029, and you can see them free on our platform here..
We don't want to rain on the parade too much, but we did also find 1 warning sign for JNBY Design that you need to be mindful 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.