Mrs. Bectors Food Specialities Limited (NSE:BECTORFOOD) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that Mrs. Bectors Food Specialities Limited (NSE:BECTORFOOD) released its first-quarter result to the market. The early response was not positive, with shares down 5.6% to ₹1,335 in the past week. Results were roughly in line with estimates, with revenues of ₹4.4b and statutory earnings per share of ₹23.85. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Mrs. Bectors Food Specialities

Following the latest results, Mrs. Bectors Food Specialities' seven analysts are now forecasting revenues of ₹18.8b in 2025. This would be a meaningful 11% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 6.0% to ₹25.40. In the lead-up to this report, the analysts had been modelling revenues of ₹19.0b and earnings per share (EPS) of ₹26.88 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.

The consensus price target held steady at ₹1,519, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. Currently, the most bullish analyst values Mrs. Bectors Food Specialities at ₹1,705 per share, while the most bearish prices it at ₹1,283. This is a very narrow spread of estimates, implying either that Mrs. Bectors Food Specialities is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Mrs. Bectors Food Specialities' past performance and to peers in the same industry. We would highlight that Mrs. Bectors Food Specialities' revenue growth is expected to slow, with the forecast 15% annualised growth rate until the end of 2025 being well below the historical 23% p.a. growth over the last three years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 10% per year. Even after the forecast slowdown in growth, it seems obvious that Mrs. Bectors Food Specialities is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider 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.

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 Mrs. Bectors Food Specialities going out to 2027, and you can see them free on our platform here..

You can also view our analysis of Mrs. Bectors Food Specialities' balance sheet, and whether we think Mrs. Bectors Food Specialities is carrying too much debt, for free on our platform here.

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.

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