Results: ANA Holdings Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

It's been a good week for ANA Holdings Inc. (TSE:9202) shareholders, because the company has just released its latest yearly results, and the shares gained 2.9% to JP¥2,783. Revenues were JP¥2.3t, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of JP¥326 were also better than expected, beating analyst predictions by 11%. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Taking into account the latest results, the current consensus from ANA Holdings' eleven analysts is for revenues of JP¥2.38t in 2026. This would reflect a modest 5.1% increase on its revenue over the past 12 months. Statutory earnings per share are expected to sink 14% to JP¥280 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of JP¥2.38t and earnings per share (EPS) of JP¥277 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.

Check out our latest analysis for ANA Holdings

It will come as no surprise then, to learn that the consensus price target is largely unchanged at JP¥3,386. 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. There are some variant perceptions on ANA Holdings, with the most bullish analyst valuing it at JP¥4,100 and the most bearish at JP¥2,900 per share. 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.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that ANA Holdings' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 5.1% growth on an annualised basis. This is compared to a historical growth rate of 16% over the past five years. Compare this to the 37 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 5.8% per year. So it's pretty clear that, while ANA Holdings' revenue growth is expected to slow, it's expected to grow roughly in line with the 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at JP¥3,386, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. 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..

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for ANA Holdings (1 makes us a bit uncomfortable) 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.