Macquarie Group Limited (ASX:MQG) Interim Results: Here's What Analysts Are Forecasting For This Year

Macquarie Group Limited (ASX:MQG) shareholders are probably feeling a little disappointed, since its shares fell 5.9% to AU$206 in the week after its latest interim results. Results were roughly in line with estimates, with revenues of AU$8.7b and statutory earnings per share of AU$9.76. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, the most recent consensus for Macquarie Group from eleven analysts is for revenues of AU$18.4b in 2026. If met, it would imply a modest 3.2% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to accumulate 9.1% to AU$10.83. Before this earnings report, the analysts had been forecasting revenues of AU$18.3b and earnings per share (EPS) of AU$10.99 in 2026. 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 Macquarie Group

It will come as no surprise then, to learn that the consensus price target is largely unchanged at AU$224. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Macquarie Group at AU$255 per share, while the most bearish prices it at AU$200. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

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. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 6.5% growth on an annualised basis. That is in line with its 5.6% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 6.2% per year. So although Macquarie Group is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

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 real changes to revenue forecasts, with the business still expected to grow in line with the overall 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. At Simply Wall St, we have a full range of analyst estimates for Macquarie Group going out to 2028, and you can see them free on our platform here..

You still need to take note of risks, for example - Macquarie Group has 1 warning sign we think you should be aware of.

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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.