Analysts Have Made A Financial Statement On Gruma, S.A.B. de C.V.'s (BMV:GRUMAB) Second-Quarter Report

Gruma, S.A.B. de C.V. (BMV:GRUMAB) missed earnings with its latest quarterly results, disappointing overly-optimistic forecasters. Gruma. de missed analyst forecasts, with revenues of US$1.6b and statutory earnings per share (EPS) of US$0.37, falling short by 2.4% and 4.6% respectively. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

Taking into account the latest results, the most recent consensus for Gruma. de from ten analysts is for revenues of US$6.53b in 2025. If met, it would imply a reasonable 3.2% increase on its revenue over the past 12 months. Statutory per share are forecast to be US$1.57, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of US$6.71b and earnings per share (EPS) of US$1.59 in 2025. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

View our latest analysis for Gruma. de

The average price target was steady at Mex$404even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. 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 Gruma. de analyst has a price target of Mex$457 per share, while the most pessimistic values it at Mex$301. 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. We would highlight that Gruma. de's revenue growth is expected to slow, with the forecast 6.5% annualised growth rate until the end of 2025 being well below the historical 11% 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) 5.3% annually. So it's pretty clear that, while Gruma. de's 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 downgraded their revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. Even so, long term profitability is more important for the value creation process. The consensus price target held steady at Mex$404, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Gruma. de going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - Gruma. de has 1 warning sign we think you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.