Analysts Are Updating Their Boxer Retail Limited (JSE:BOX) Estimates After Its Half-Yearly Results
The half-yearly results for Boxer Retail Limited (JSE:BOX) were released last week, making it a good time to revisit its performance. Results look mixed - while revenue fell marginally short of analyst estimates at R24b, statutory earnings were in line with expectations, at R3.40 per share. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Boxer Retail after the latest results.
Taking into account the latest results, the current consensus from Boxer Retail's nine analysts is for revenues of R50.8b in 2027. This would reflect an okay 5.7% increase on its revenue over the past 12 months. In the lead-up to this report, the analysts had been modelling revenues of R51.8b and earnings per share (EPS) of R3.88 in 2027. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.
See our latest analysis for Boxer Retail
There's been no real change to the consensus price target of R92.63, with Boxer Retail seemingly executing in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Boxer Retail, with the most bullish analyst valuing it at R118 and the most bearish at R80.00 per share. 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.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Boxer Retail'shistorical trends, as the 12% annualised revenue growth to the end of 2027 is roughly in line with the 12% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.0% annually. So it's pretty clear that Boxer Retail is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. 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.
We have estimates for Boxer Retail from its nine analysts out to 2029, and you can see them free on our platform here.
Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.
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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.