AU$2.13 - That's What Analysts Think Pilbara Minerals Limited (ASX:PLS) Is Worth After These Results

Shareholders might have noticed that Pilbara Minerals Limited (ASX:PLS) filed its full-year result this time last week. The early response was not positive, with shares down 5.7% to AU$2.15 in the past week. It was a pretty bad result overall; while revenues were in line with expectations at AU$769m, statutory losses exploded to AU$0.063 per share. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

Taking into account the latest results, the most recent consensus for Pilbara Minerals from 17 analysts is for revenues of AU$949.9m in 2026. If met, it would imply a substantial 24% increase on its revenue over the past 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 78% to AU$0.014. Before this earnings announcement, the analysts had been modelling revenues of AU$908.2m and losses of AU$0.0035 per share in 2026. While this year's revenue estimates increased, there was also a sizeable expansion in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

Check out our latest analysis for Pilbara Minerals

The average price target rose 7.3% to AU$2.13, even thoughthe analysts have been updating their forecasts to show higher revenues and higher forecast losses. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Pilbara Minerals analyst has a price target of AU$2.80 per share, while the most pessimistic values it at AU$1.10. 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. We can infer from the latest estimates that forecasts expect a continuation of Pilbara Minerals'historical trends, as the 24% annualised revenue growth to the end of 2026 is roughly in line with the 25% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 5.4% per year. So it's pretty clear that Pilbara Minerals is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Pilbara Minerals. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected 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. At Simply Wall St, we have a full range of analyst estimates for Pilbara Minerals going out to 2028, and you can see them free on our platform here..

You can also see our analysis of Pilbara Minerals' Board and CEO remuneration and experience, and whether company insiders have been buying stock.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.