JX Advanced Metals Corporation Just Beat EPS By 11%: Here's What Analysts Think Will Happen Next
Shareholders might have noticed that JX Advanced Metals Corporation (TSE:5016) filed its half-yearly result this time last week. The early response was not positive, with shares down 5.2% to JP¥2,677 in the past week. Revenues were JP¥531b, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of JP¥50.07 were also better than expected, beating analyst predictions by 11%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on JX Advanced Metals after the latest results.
Taking into account the latest results, the consensus forecast from JX Advanced Metals' 13 analysts is for revenues of JP¥1.07t in 2027. This reflects a reasonable 5.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to swell 13% to JP¥190. In the lead-up to this report, the analysts had been modelling revenues of JP¥1.07t and earnings per share (EPS) of JP¥189 in 2027. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
See our latest analysis for JX Advanced Metals
The analysts reconfirmed their price target of JP¥4,559, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic JX Advanced Metals analyst has a price target of JP¥6,900 per share, while the most pessimistic values it at JP¥3,100. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that JX Advanced Metals' revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 11% growth on an annualised basis. This is compared to a historical growth rate of 32% over the past year. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.1% per year. So it's pretty clear that, while JX Advanced Metals' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.
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. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster 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.
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 JX Advanced Metals going out to 2029, and you can see them free on our platform here..
Before you take the next step you should know about the 2 warning signs for JX Advanced Metals that we have uncovered.
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