Hoshizaki Corporation (TSE:6465) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates

Shareholders of Hoshizaki Corporation (TSE:6465) will be pleased this week, given that the stock price is up 15% to JP¥5,827 following its latest third-quarter results. Hoshizaki reported in line with analyst predictions, delivering revenues of JP¥113b and statutory earnings per share of JP¥227, suggesting the business is executing well and in line with its plan. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Hoshizaki after the latest results.

See our latest analysis for Hoshizaki

Following the latest results, Hoshizaki's nine analysts are now forecasting revenues of JP¥441.9b in 2025. This would be an okay 4.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 5.3% to JP¥264. In the lead-up to this report, the analysts had been modelling revenues of JP¥438.9b and earnings per share (EPS) of JP¥261 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of JP¥6,238, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values Hoshizaki at JP¥7,300 per share, while the most bearish prices it at JP¥5,600. This is a very narrow spread of estimates, implying either that Hoshizaki is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Hoshizaki's revenue growth is expected to slow, with the forecast 3.6% annualised growth rate until the end of 2025 being well below the historical 10% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.8% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Hoshizaki.

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, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Hoshizaki's revenue is expected to perform worse than the wider industry. The consensus price target held steady at JP¥6,238, 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 Hoshizaki going out to 2026, and you can see them free on our platform here..

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

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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.