One Analyst's Revenue Estimates For Jaya Tiasa Holdings Berhad (KLSE:JTIASA) Are Surging Higher

Shareholders in Jaya Tiasa Holdings Berhad (KLSE:JTIASA) may be thrilled to learn that the covering analyst has just delivered a major upgrade to their near-term forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

Following the upgrade, the current consensus from Jaya Tiasa Holdings Berhad's one analyst is for revenues of RM1.1b in 2024 which - if met - would reflect a meaningful 16% increase on its sales over the past 12 months. Statutory earnings per share are anticipated to shrink 3.4% to RM0.18 in the same period. Prior to this update, the analyst had been forecasting revenues of RM874m and earnings per share (EPS) of RM0.18 in 2024. There's clearly been a surge in bullishness around the company's sales pipeline, even if there's no real change in earnings per share forecasts.

Check out our latest analysis for Jaya Tiasa Holdings Berhad

The consensus price target increased 35% to RM1.35, with an improved revenue forecast carrying the promise of a more valuable business, in time.

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. The analyst is definitely expecting Jaya Tiasa Holdings Berhad's growth to accelerate, with the forecast 36% annualised growth to the end of 2024 ranking favourably alongside historical growth of 7.3% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.8% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analyst also expect Jaya Tiasa Holdings Berhad to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analyst reconfirming that earnings per share are expected to continue performing in line with their prior expectations. Fortunately, the analyst also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Seeing the dramatic upgrade to this year's forecasts, it might be time to take another look at Jaya Tiasa Holdings Berhad.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Jaya Tiasa Holdings Berhad going out as far as 2026, and you can see them 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.