Earnings Beat: JEOL Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

A week ago, JEOL Ltd. (TSE:6951) came out with a strong set of quarterly numbers that could potentially lead to a re-rate of the stock. JEOL delivered a significant beat to revenue and earnings per share (EPS) expectations, hitting JP¥49b-14% above indicated-andJP¥176-71% above forecasts- respectively 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for JEOL

Following last week's earnings report, JEOL's five analysts are forecasting 2026 revenues to be JP¥206.6b, approximately in line with the last 12 months. Statutory earnings per share are forecast to drop 13% to JP¥536 in the same period. In the lead-up to this report, the analysts had been modelling revenues of JP¥208.1b and earnings per share (EPS) of JP¥544 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.

The analysts reconfirmed their price target of JP¥8,625, showing that the business is executing well and in line with expectations. 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 JEOL at JP¥10,000 per share, while the most bearish prices it at JP¥7,000. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the JEOL's past performance and to peers in the same industry. We would highlight that JEOL's revenue growth is expected to slow, with the forecast 1.1% annualised growth rate until the end of 2026 being well below the historical 12% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 7.2% annually. Factoring in the forecast slowdown in growth, it seems obvious that JEOL is also expected to grow slower than other industry participants.

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 JEOL's revenue is expected to perform worse 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.

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 JEOL going out to 2027, and you can see them free on our platform here..

You can also see our analysis of JEOL's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.