Earnings Beat: CyberAgent, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

It's been a good week for CyberAgent, Inc. (TSE:4751) shareholders, because the company has just released its latest quarterly results, and the shares gained 4.3% to JP¥1,164. It looks like a credible result overall - although revenues of JP¥204b were in line with what the analysts predicted, CyberAgent surprised by delivering a statutory profit of JP¥10.01 per share, a notable 15% above expectations. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on CyberAgent after the latest results.

See our latest analysis for CyberAgent

Taking into account the latest results, the consensus forecast from CyberAgent's 15 analysts is for revenues of JP¥844.6b in 2025. This reflects an okay 3.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to step up 12% to JP¥48.16. Yet prior to the latest earnings, the analysts had been anticipated revenues of JP¥843.9b and earnings per share (EPS) of JP¥47.29 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at JP¥1,219. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic CyberAgent analyst has a price target of JP¥1,400 per share, while the most pessimistic values it at JP¥1,000. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await CyberAgent shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the CyberAgent's past performance and to peers in the same industry. We would highlight that CyberAgent's revenue growth is expected to slow, with the forecast 5.1% annualised growth rate until the end of 2025 being well below the historical 11% p.a. growth over the last five years. Compare this to the 119 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 4.3% per year. So it's pretty clear that, while CyberAgent's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for CyberAgent going out to 2027, and you can see them free on our platform here..

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months 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.