NTN Corporation Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts

The third-quarter results for NTN Corporation (TSE:6472) were released last week, making it a good time to revisit its performance. Things were not great overall, with a surprise (statutory) loss of JP¥11.55 per share on revenues of JP¥202b, even though the analysts had been expecting a profit. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on NTN after the latest results.

Check out our latest analysis for NTN

Following last week's earnings report, NTN's five analysts are forecasting 2026 revenues to be JP¥824.7b, approximately in line with the last 12 months. NTN is also expected to turn profitable, with statutory earnings of JP¥17.72 per share. Before this earnings report, the analysts had been forecasting revenues of JP¥836.5b and earnings per share (EPS) of JP¥22.08 in 2026. So there's definitely been a decline in sentiment after the latest results, noting the real cut to new EPS forecasts.

The consensus price target held steady at JP¥265, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. Currently, the most bullish analyst values NTN at JP¥280 per share, while the most bearish prices it at JP¥250. This is a very narrow spread of estimates, implying either that NTN 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 NTN's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 0.6% annualised decline to the end of 2026. That is a notable change from historical growth of 8.6% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.6% annually for the foreseeable future. It's pretty clear that NTN's revenues are expected to perform substantially worse 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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that NTN's revenue is expected to perform worse than the wider industry. The consensus price target held steady at JP¥265, with the latest estimates not enough to have an impact on their price targets.

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. We have estimates - from multiple NTN analysts - going out to 2027, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for NTN 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.