Revenue Beat: BRONCO BILLY Co.,LTD. Beat Analyst Estimates By 7.0%

Investors in BRONCO BILLY Co.,LTD. (TSE:3091) had a good week, as its shares rose 5.6% to close at JP¥3,860 following the release of its quarterly results. Results overall were respectable, with statutory earnings of JP¥67.50 per share roughly in line with what the analysts had forecast. Revenues of JP¥6.5b came in 7.0% ahead of analyst predictions. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for BRONCO BILLYLTD

Taking into account the latest results, the current consensus from BRONCO BILLYLTD's two analysts is for revenues of JP¥25.7b in 2024. This would reflect an okay 5.9% increase on its revenue over the past 12 months. Per-share earnings are expected to grow 16% to JP¥104. In the lead-up to this report, the analysts had been modelling revenues of JP¥25.2b and earnings per share (EPS) of JP¥94.85 in 2024. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

With these upgrades, we're not surprised to see that the analysts have lifted their price target 9.7% to JP¥3,970per share.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards BRONCO BILLYLTD following these results. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with BRONCO BILLYLTD .

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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.