Here's What Analysts Are Forecasting For Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) After Its First-Quarter Results

Investors in Grupo Bimbo, S.A.B. de C.V. (BMV:BIMBOA) had a good week, as its shares rose 2.1% to close at Mex$70.50 following the release of its quarterly results. The result was fairly weak overall, with revenues of Mex$93b being 2.1% less than what the analysts had been modelling. 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 Bimbo. de after the latest results.

View our latest analysis for Grupo Bimbo. de

Taking into account the latest results, the current consensus from Grupo Bimbo. de's nine analysts is for revenues of Mex$410.8b in 2024. This would reflect a credible 4.3% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of Mex$412.8b and earnings per share (EPS) of Mex$4.00 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.

There's been no real change to the consensus price target of Mex$85.79, with Grupo Bimbo. de seemingly executing in line with expectations. 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 Grupo Bimbo. de, with the most bullish analyst valuing it at Mex$110 and the most bearish at Mex$65.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that Grupo Bimbo. de's revenue growth is expected to slow, with the forecast 5.7% annualised growth rate until the end of 2024 being well below the historical 8.0% 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) 5.6% annually. So it's pretty clear that, while Grupo Bimbo. de's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. 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 Mex$85.79, with the latest estimates not enough to have an impact on their price targets.

At least one of Grupo Bimbo. de's nine analysts has provided estimates out to 2026, which can be seen for free on our platform here.

Even so, be aware that Grupo Bimbo. de is showing 2 warning signs in our investment analysis , 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.