Results: ANA Holdings Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Investors in ANA Holdings Inc. (TSE:9202) had a good week, as its shares rose 4.8% to close at JP¥3,043 following the release of its half-year results. Revenues were JP¥1.4t, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at JP¥106, an impressive 27% ahead of estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the current consensus from ANA Holdings' twelve analysts is for revenues of JP¥2.83t in 2027. This would reflect a reasonable 3.1% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to plummet 35% to JP¥241 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of JP¥2.81t and earnings per share (EPS) of JP¥245 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 ANA Holdings
It will come as no surprise then, to learn that the consensus price target is largely unchanged at JP¥3,449. 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 ANA Holdings at JP¥4,100 per share, while the most bearish prices it at JP¥2,700. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's pretty clear that there is an expectation that ANA Holdings' revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 6.2% growth on an annualised basis. This is compared to a historical growth rate of 19% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.8% annually. So it's pretty clear that, while ANA Holdings' revenue growth is expected to slow, it's expected to grow roughly in line with the 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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.
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 ANA Holdings 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 ANA Holdings that you need to be mindful of.
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