Here's What Analysts Are Forecasting For Keyence Corporation (TSE:6861) After Its Half-Year Results

Shareholders might have noticed that Keyence Corporation (TSE:6861) filed its interim result this time last week. The early response was not positive, with shares down 5.9% to JP¥57,370 in the past week. Keyence reported in line with analyst predictions, delivering revenues of JP¥545b and statutory earnings per share of JP¥445, suggesting the business is executing well and in line with its plan. 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.

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Taking into account the latest results, the consensus forecast from Keyence's 17 analysts is for revenues of JP¥1.14t in 2026. This reflects an okay 4.7% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 4.6% to JP¥1,763. Yet prior to the latest earnings, the analysts had been anticipated revenues of JP¥1.13t and earnings per share (EPS) of JP¥1,758 in 2026. 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.

Check out our latest analysis for Keyence

There were no changes to revenue or earnings estimates or the price target of JP¥71,600, 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. The most optimistic Keyence analyst has a price target of JP¥86,000 per share, while the most pessimistic values it at JP¥60,000. 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 Keyence shareholders.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Keyence's past performance and to peers in the same industry. We would highlight that Keyence's revenue growth is expected to slow, with the forecast 9.6% annualised growth rate until the end of 2026 being well below the historical 14% 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 6.5% annually. So it's pretty clear that, while Keyence's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at JP¥71,600, 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. We have estimates - from multiple Keyence analysts - going out to 2028, 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.