Analysts Are Updating Their Jangho Group Co., Ltd. (SHSE:601886) Estimates After Its First-Quarter Results

It's been a good week for Jangho Group Co., Ltd. (SHSE:601886) shareholders, because the company has just released its latest first-quarter results, and the shares gained 8.6% to CN¥4.69. Results look mixed - while revenue fell marginally short of analyst estimates at CN¥4.1b, statutory earnings were in line with expectations, at CN¥0.59 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.

Check out our latest analysis for Jangho Group

Taking into account the latest results, the most recent consensus for Jangho Group from four analysts is for revenues of CN¥24.4b in 2024. If met, it would imply a notable 11% increase on its revenue over the past 12 months. Per-share earnings are expected to expand 13% to CN¥0.70. Yet prior to the latest earnings, the analysts had been anticipated revenues of CN¥24.9b and earnings per share (EPS) of CN¥0.71 in 2024. 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at CN¥9.51. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Jangho Group analyst has a price target of CN¥11.02 per share, while the most pessimistic values it at CN¥8.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Jangho Group's growth to accelerate, with the forecast 15% annualised growth to the end of 2024 ranking favourably alongside historical growth of 3.5% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 10% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Jangho Group to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at CN¥9.51, with the latest estimates not enough to have an impact on their price targets.

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 Jangho Group going out to 2026, and you can see them free on our platform here..

It is also worth noting that we have found 2 warning signs for Jangho Group that you need to take into consideration.

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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.