Anritsu Corporation Just Missed Earnings - But Analysts Have Updated Their Models

There's been a notable change in appetite for Anritsu Corporation (TSE:6754) shares in the week since its first-quarter report, with the stock down 16% to JP¥1,044. Statutory earnings per share fell badly short of expectations, coming in at JP¥5.43, some 58% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at JP¥25b. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Anritsu

Following last week's earnings report, Anritsu's nine analysts are forecasting 2025 revenues to be JP¥114.6b, approximately in line with the last 12 months. Per-share earnings are expected to increase 4.1% to JP¥64.33. Before this earnings report, the analysts had been forecasting revenues of JP¥114.6b and earnings per share (EPS) of JP¥64.59 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.

There were no changes to revenue or earnings estimates or the price target of JP¥1,209, suggesting that the company has met expectations in its recent result. 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 Anritsu at JP¥1,615 per share, while the most bearish prices it at JP¥930. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Anritsu's past performance and to peers in the same industry. The analysts are definitely expecting Anritsu's growth to accelerate, with the forecast 2.5% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.0% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 7.2% annually. So it's clear that despite the acceleration in growth, Anritsu is expected to grow meaningfully slower than the industry average.

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 Anritsu's revenue is expected to perform worse than the wider industry. The consensus price target held steady at JP¥1,209, 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 Anritsu going out to 2027, and you can see them free on our platform here..

It is also worth noting that we have found 1 warning sign for Anritsu that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com