Jerash Holdings (US), Inc. Just Beat EPS By 88%: Here's What Analysts Think Will Happen Next
Shareholders will be ecstatic, with their stake up 25% over the past week following Jerash Holdings (US), Inc.'s (NASDAQ:JRSH) latest quarterly results. Revenues were US$50m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.16, an impressive 88% ahead of estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Jerash Holdings (US) after the latest results.
Taking into account the latest results, the consensus forecast from Jerash Holdings (US)'s twin analysts is for revenues of US$196.3m in 2027. This reflects an okay 6.0% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be US$0.51, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$189.7m and earnings per share (EPS) of US$0.39 in 2027. So it seems there's been a definite increase in optimism about Jerash Holdings (US)'s future following the latest results, with a great increase in the earnings per share forecasts in particular.
View our latest analysis for Jerash Holdings (US)
With these upgrades, we're not surprised to see that the analysts have lifted their price target 46% to US$9.50per share.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Jerash Holdings (US)'s past performance and to peers in the same industry. It's clear from the latest estimates that Jerash Holdings (US)'s rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2027 noticeably faster than its historical growth of 4.8% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.4% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Jerash Holdings (US) to grow faster than the wider industry.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Jerash Holdings (US) following these results. Happily, they also upgraded their revenue estimates, and are forecasting them 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.
You still need to take note of risks, for example - Jerash Holdings (US) has 1 warning sign we think you should be aware of.
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