Jerash Holdings (US), Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
Jerash Holdings (US), Inc. (NASDAQ:JRSH) just released its latest quarterly results and things are looking bullish. The company beat forecasts, with revenue of US$50m, some 4.9% above estimates, and statutory earnings per share (EPS) coming in at US$0.13, 37% ahead of expectations. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the consensus forecast from Jerash Holdings (US)'s dual analysts is for revenues of US$189.7m in 2027. This reflects a credible 7.2% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 5.0% to US$0.41. In the lead-up to this report, the analysts had been modelling revenues of US$186.2m and earnings per share (EPS) of US$0.39 in 2027. So the consensus seems to have become somewhat more optimistic on Jerash Holdings (US)'s earnings potential following these results.
Check out our latest analysis for Jerash Holdings (US)
The analysts have been lifting their price targets on the back of the earnings upgrade, with the consensus price target rising 8.3% to US$6.50.
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. It's clear from the latest estimates that Jerash Holdings (US)'s rate of growth is expected to accelerate meaningfully, with the forecast 9.8% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 4.7% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.3% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Jerash Holdings (US) is expected to grow much faster than its industry.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Jerash Holdings (US)'s earnings potential next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.
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. We have analyst estimates for Jerash Holdings (US) going out as far as 2029, and you can see them free on our platform here.
It is also worth noting that we have found 1 warning sign for Jerash Holdings (US) that you need to take into consideration.
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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.