ANA Holdings Inc. Just Recorded A 18% EPS Beat: Here's What Analysts Are Forecasting Next

Investors in ANA Holdings Inc. (TSE:9202) had a good week, as its shares rose 2.3% to close at JP¥2,889 following the release of its half-year results. It looks like a credible result overall - although revenues of JP¥1.2t were in line with what the analysts predicted, ANA Holdings surprised by delivering a statutory profit of JP¥113 per share, a notable 18% above expectations. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, ANA Holdings' eleven analysts are now forecasting revenues of JP¥2.49t in 2026. This would be a reasonable 5.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to shrink 9.4% to JP¥287 in the same period. Before this earnings report, the analysts had been forecasting revenues of JP¥2.43t and earnings per share (EPS) of JP¥281 in 2026. It looks like there's been a modest increase in sentiment following the latest results, withthe analysts becoming a bit more optimistic in their predictions for both revenues and earnings.

View our latest analysis for ANA Holdings

Althoughthe analysts have upgraded their earnings estimates, there was no change to the consensus price target of JP¥3,526, suggesting that the forecast performance does not have a long term impact on the company's valuation. 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. The most optimistic ANA Holdings analyst has a price target of JP¥4,300 per share, while the most pessimistic values it at JP¥3,000. 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 ANA Holdings shareholders.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that ANA Holdings' revenue growth is expected to slow, with the forecast 12% annualised growth rate until the end of 2026 being well below the historical 22% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 6.9% per year. So it's pretty clear that, while ANA 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 ANA Holdings following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at JP¥3,526, 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 ANA Holdings going out to 2028, and you can see them free on our platform here..

You still need to take note of risks, for example - ANA Holdings has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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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.