Grupo Financiero Inbursa, S.A.B. de C.V. Just Missed Earnings - But Analysts Have Updated Their Models

As you might know, Grupo Financiero Inbursa, S.A.B. de C.V. (BMV:GFINBURO) last week released its latest first-quarter, and things did not turn out so great for shareholders. It looks like quite a negative result overall, with both revenues and earnings falling well short of analyst predictions. Revenues of Mex$12b missed by 17%, and statutory earnings per share of Mex$1.00 fell short of forecasts by 26%. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Grupo Financiero Inbursa. de after the latest results.

Check out our latest analysis for Grupo Financiero Inbursa. de

Taking into account the latest results, the consensus forecast from Grupo Financiero Inbursa. de's five analysts is for revenues of Mex$70.1b in 2024. This reflects a huge 39% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 9.8% to Mex$5.33. Before this earnings report, the analysts had been forecasting revenues of Mex$57.9b and earnings per share (EPS) of Mex$5.31 in 2024. It seems sentiment has certainly become more bullish on revenues, even though they haven't changed their view on earnings per share.

The consensus price target increased 10% to Mex$48.75, with an improved revenue forecast carrying the promise of a more valuable business, in time. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Grupo Financiero Inbursa. de analyst has a price target of Mex$61.00 per share, while the most pessimistic values it at Mex$37.00. 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 Grupo Financiero Inbursa. de shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Grupo Financiero Inbursa. de's growth to accelerate, with the forecast 55% annualised growth to the end of 2024 ranking favourably alongside historical growth of 13% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 14% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Grupo Financiero Inbursa. de to grow faster than the wider industry.

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. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

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 Grupo Financiero Inbursa. de going out to 2026, and you can see them free on our platform here..

You can also see whether Grupo Financiero Inbursa. de is carrying too much debt, and whether its balance sheet is healthy, for free 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.