TH Plantations Berhad Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next

TH Plantations Berhad (KLSE:THPLANT) just released its full-year report and things are looking bullish. The company beat forecasts, with revenue of RM752m, some 3.2% above estimates, and statutory earnings per share (EPS) coming in at RM0.033, 29% ahead of expectations. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for TH Plantations Berhad

Taking into account the latest results, the most recent consensus for TH Plantations Berhad from twin analysts is for revenues of RM779.9m in 2024. If met, it would imply a credible 3.7% increase on its revenue over the past 12 months. Statutory earnings per share are forecast to crater 26% to RM0.039 in the same period. Before this earnings report, the analysts had been forecasting revenues of RM730.1m and earnings per share (EPS) of RM0.03 in 2024. So it seems there's been a definite increase in optimism about TH Plantations Berhad's future following the latest results, with a sizeable expansion in the earnings per share forecasts in particular.

It will come as no surprise to learn that the analysts have increased their price target for TH Plantations Berhad 14% to RM0.58on the back of these upgrades.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that TH Plantations Berhad's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 3.7% growth on an annualised basis. This is compared to a historical growth rate of 13% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.8% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than TH Plantations Berhad.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards TH Plantations Berhad following these results. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have analyst estimates for TH Plantations Berhad going out as far as 2026, and you can see them free on our platform here.

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for TH Plantations Berhad (1 is potentially serious) you should be aware 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.