Stock Analysis

Earnings Beat: FUJIFILM Holdings Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

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Last week saw the newest yearly earnings release from FUJIFILM Holdings Corporation (TSE:4901), an important milestone in the company's journey to build a stronger business. FUJIFILM Holdings reported JP¥3.0t in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of JP¥202 beat expectations, being 7.3% higher than what the analysts expected. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for FUJIFILM Holdings

TSE:4901 Earnings and Revenue Growth May 11th 2024

Taking into account the latest results, the consensus forecast from FUJIFILM Holdings' 15 analysts is for revenues of JP¥3.06t in 2025. This reflects a reasonable 3.4% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be JP¥206, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of JP¥3.05t and earnings per share (EPS) of JP¥201 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

There's been no major changes to the consensus price target of JP¥3,838, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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. The most optimistic FUJIFILM Holdings analyst has a price target of JP¥4,667 per share, while the most pessimistic values it at JP¥3,217. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that FUJIFILM Holdings' revenue growth is expected to slow, with the forecast 3.4% annualised growth rate until the end of 2025 being well below the historical 5.7% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 2.6% annually. So it's pretty clear that, while FUJIFILM Holdings' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

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 FUJIFILM Holdings following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is 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 FUJIFILM Holdings going out to 2027, and you can see them free on our platform here..

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with FUJIFILM Holdings , and understanding this should be part of your investment process.

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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.