El Puerto de Liverpool, S.A.B. de C.V. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

El Puerto de Liverpool, S.A.B. de C.V. (BMV:LIVEPOLC-1) last week reported its latest yearly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. The result was positive overall - although revenues of Mex$196b were in line with what the analysts predicted, El Puerto de Liverpool. de surprised by delivering a statutory profit of Mex$14.52 per share, modestly greater than expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for El Puerto de Liverpool. de

Following the latest results, El Puerto de Liverpool. de's eight analysts are now forecasting revenues of Mex$208.0b in 2024. This would be a modest 6.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 3.7% to Mex$15.06. In the lead-up to this report, the analysts had been modelling revenues of Mex$208.9b and earnings per share (EPS) of Mex$14.33 in 2024. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

The consensus price target was unchanged at Mex$128, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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. Currently, the most bullish analyst values El Puerto de Liverpool. de at Mex$159 per share, while the most bearish prices it at Mex$115. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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 El Puerto de Liverpool. de's revenue growth is expected to slow, with the forecast 6.1% annualised growth rate until the end of 2024 being well below the historical 8.3% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 10% per year. Factoring in the forecast slowdown in growth, it seems obvious that El Puerto de Liverpool. de is also expected to grow slower than other industry participants.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around El Puerto de Liverpool. de's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at Mex$128, 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 El Puerto de Liverpool. de going out to 2026, and you can see them free on our platform here..

We also provide an overview of the El Puerto de Liverpool. de Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, 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.