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

It's been a good week for Anritsu Corporation (TSE:6754) shareholders, because the company has just released its latest third-quarter results, and the shares gained 7.8% to JP¥1,418. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at JP¥28b, statutory earnings beat expectations by a notable 21%, coming in at JP¥20.23 per share. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for Anritsu

Following the latest results, Anritsu's nine analysts are now forecasting revenues of JP¥119.3b in 2026. This would be a reasonable 5.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.7% to JP¥70.73. Yet prior to the latest earnings, the analysts had been anticipated revenues of JP¥119.8b and earnings per share (EPS) of JP¥70.02 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of JP¥1,195, suggesting that the company has met expectations in its recent result. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Anritsu at JP¥1,600 per share, while the most bearish prices it at JP¥920. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Anritsu's rate of growth is expected to accelerate meaningfully, with the forecast 4.4% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 1.0% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 7.3% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Anritsu is expected to grow slower than the wider 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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at JP¥1,195, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Anritsu. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Anritsu analysts - going out to 2027, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Anritsu that you should be aware of.

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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.