Farm Fresh Berhad (KLSE:FFB) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Investors in Farm Fresh Berhad (KLSE:FFB) had a good week, as its shares rose 5.8% to close at RM2.02 following the release of its quarterly results. Results look mixed - while revenue fell marginally short of analyst estimates at RM261m, statutory earnings beat expectations 4.6%, with Farm Fresh Berhad reporting profits of RM0.017 per share. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Following the latest results, Farm Fresh Berhad's 13 analysts are now forecasting revenues of RM1.16b in 2026. This would be a decent 16% improvement in revenue compared to the last 12 months. Per-share earnings are expected to ascend 20% to RM0.072. Before this earnings report, the analysts had been forecasting revenues of RM1.16b and earnings per share (EPS) of RM0.072 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.

Check out our latest analysis for Farm Fresh Berhad

There were no changes to revenue or earnings estimates or the price target of RM2.13, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Farm Fresh Berhad analyst has a price target of RM2.45 per share, while the most pessimistic values it at RM1.30. 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 Farm Fresh Berhad shareholders.

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. The period to the end of 2026 brings more of the same, according to the analysts, with revenue forecast to display 22% growth on an annualised basis. That is in line with its 23% annual growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 2.1% annually. So although Farm Fresh Berhad is expected to maintain its revenue growth rate, it's definitely expected 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. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Farm Fresh Berhad analysts - going out to 2028, and you can see them free on our platform here.

You can also view our analysis of Farm Fresh Berhad's balance sheet, and whether we think Farm Fresh Berhad is carrying too much debt, 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.