Zhaojin Mining Industry Company Limited Just Missed Revenue By 22%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Zhaojin Mining Industry Company Limited (HKG:1818) filed its third-quarter result this time last week. The early response was not positive, with shares down 4.2% to HK$31.62 in the past week. Zhaojin Mining Industry reported a serious miss, with revenue of CN¥7.0b falling a huge 22% short of analyst estimates. The bright side is that statutory earnings per share of CN¥0.17 were in line with forecasts. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Following the latest results, Zhaojin Mining Industry's 15 analysts are now forecasting revenues of CN¥19.0b in 2026. This would be a solid 20% improvement in revenue compared to the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of CN¥18.1b and earnings per share (EPS) of CN¥1.13 in 2026. What's really interesting is that while the consensus made a small lift in revenue estimates, it no longer provides an earnings per share estimate. This suggests that revenues are now the focus of the business after this latest result.

Check out our latest analysis for Zhaojin Mining Industry

The average price target rose 11% to HK$30.50, with the analysts clearly having become more optimistic about Zhaojin Mining Industry'sprospects following these results. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Zhaojin Mining Industry, with the most bullish analyst valuing it at HK$43.81 and the most bearish at HK$15.92 per share. 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.

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 period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 15% growth on an annualised basis. That is in line with its 14% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 8.3% annually. So although Zhaojin Mining Industry is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the analysts increased their revenue forecasts for Zhaojin Mining Industry next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

We have estimates for Zhaojin Mining Industry from its 15 analysts out to 2027, and you can see them free on our platform here.

You can also view our analysis of Zhaojin Mining Industry's balance sheet, and whether we think Zhaojin Mining Industry is carrying too much debt, for free on our platform here.

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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.