The SLC Agrícola S.A. (BVMF:SLCE3) Second-Quarter Results Are Out And Analysts Have Published New Forecasts
The second-quarter results for SLC Agrícola S.A. (BVMF:SLCE3) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of R$2.2b and statutory earnings per share of R$0.46. 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. 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 most recent consensus for SLC Agrícola from eight analysts is for revenues of R$9.13b in 2026. If met, it would imply a satisfactory 3.7% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of R$9.15b and earnings per share (EPS) of R$1.35 in 2026. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.
See our latest analysis for SLC Agrícola
We'd also point out that thatthe analysts have made no major changes to their price target of R$17.34. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic SLC Agrícola analyst has a price target of R$21.90 per share, while the most pessimistic values it at R$13.80. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that SLC Agrícola's revenue growth is expected to slow, with the forecast 7.5% annualised growth rate until the end of 2026 being well below the historical 11% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.6% annually. So it's pretty clear that, while SLC Agrícola's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
The Bottom Line
The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at R$17.34, with the latest estimates not enough to have an impact on their price targets.
We have estimates for SLC Agrícola from its eight analysts out to 2028, and you can see them free on our platform here.
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with SLC Agrícola (at least 2 which can't be ignored) , and understanding them should be part of your investment process.
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