Party Time: Brokers Just Made Major Increases To Their Mi Technovation Berhad (KLSE:MI) Earnings Forecasts

Mi Technovation Berhad (KLSE:MI) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

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After this upgrade, Mi Technovation Berhad's five analysts are now forecasting revenues of RM907m in 2026. This would be a meaningful 13% improvement in sales compared to the last 12 months. Per-share earnings are expected to increase 8.5% to RM0.22. Prior to this update, the analysts had been forecasting revenues of RM814m and earnings per share (EPS) of RM0.18 in 2026. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

Check out our latest analysis for Mi Technovation Berhad

It will come as no surprise to learn that the analysts have increased their price target for Mi Technovation Berhad 7.5% to RM7.23 on the back of these upgrades.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We can infer from the latest estimates that forecasts expect a continuation of Mi Technovation Berhad'shistorical trends, as the 13% annualised revenue growth to the end of 2026 is roughly in line with the 16% annual revenue growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 17% per year. So it's pretty clear that Mi Technovation Berhad is expected to grow slower than similar companies in the same industry.

The Bottom Line

The biggest takeaway for us from these new estimates is that analysts upgraded their earnings per share estimates, with improved earnings power expected for this year. Pleasantly, analysts also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow slower than the wider market. With a serious upgrade to expectations and a rising price target, it might be time to take another look at Mi Technovation Berhad.

Even so, the longer term trajectory of the business is much more important for the value creation of shareholders. At Simply Wall St, we have a full range of analyst estimates for Mi Technovation Berhad going out to 2028, and you can see them free on our platform here..

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies backed by insiders.

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