Here's What Analysts Are Forecasting For Public Bank Berhad (KLSE:PBBANK) After Its Third-Quarter Results

Public Bank Berhad (KLSE:PBBANK) defied analyst predictions to release its quarterly results, which were ahead of market expectations. The company beat expectations with revenues of RM3.7b arriving 2.2% ahead of forecasts. Statutory earnings per share (EPS) were RM0.095, 4.5% ahead of estimates. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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After the latest results, the 18 analysts covering Public Bank Berhad are now predicting revenues of RM15.3b in 2026. If met, this would reflect a satisfactory 4.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 5.1% to RM0.39. In the lead-up to this report, the analysts had been modelling revenues of RM15.3b and earnings per share (EPS) of RM0.39 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

View our latest analysis for Public Bank Berhad

It will come as no surprise then, to learn that the consensus price target is largely unchanged at RM5.01. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Public Bank Berhad at RM5.90 per share, while the most bearish prices it at RM4.30. 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.

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. We would highlight that Public Bank Berhad's revenue growth is expected to slow, with the forecast 3.9% annualised growth rate until the end of 2026 being well below the historical 7.2% 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 5.9% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Public Bank Berhad.

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. 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 RM5.01, 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 estimates - from multiple Public Bank Berhad analysts - going out to 2027, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 1 warning sign for Public Bank Berhad that you need to be mindful 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.