MaxiPARTS Limited (ASX:MXI) Full-Year Results: Here's What Analysts Are Forecasting For This Year
Investors in MaxiPARTS Limited (ASX:MXI) had a good week, as its shares rose 6.4% to close at AU$1.75 following the release of its full-year results. The result was positive overall - although revenues of AU$274m were in line with what the analysts predicted, MaxiPARTS surprised by delivering a statutory profit of AU$0.17 per share, modestly greater than expected. 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 consensus forecast from MaxiPARTS' twin analysts is for revenues of AU$286.1m in 2027. This reflects an okay 4.3% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 9.9% to AU$0.19. In the lead-up to this report, the analysts had been modelling revenues of AU$286.9m and earnings per share (EPS) of AU$0.19 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 MaxiPARTS
The analysts reconfirmed their price target of AU$2.68, showing that the business is executing well and in line with expectations.
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 would highlight that MaxiPARTS' revenue growth is expected to slow, with the forecast 4.3% annualised growth rate until the end of 2027 being well below the historical 16% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 57% annually. Factoring in the forecast slowdown in growth, it seems obvious that MaxiPARTS is also expected to grow slower than other industry participants.
The Bottom Line
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for MaxiPARTS going out as far as 2028, and you can see them free on our platform here.
Plus, you should also learn about the 2 warning signs we've spotted with MaxiPARTS .
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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.