Earnings Miss: Glomac Berhad Missed EPS By 11% And Analysts Are Revising Their Forecasts

As you might know, Glomac Berhad (KLSE:GLOMAC) recently reported its yearly numbers. It was not a great result overall. While revenues of RM238m were in line with analyst predictions, earnings were less than expected, missing statutory estimates by 11% to hit RM0.02 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Following the latest results, Glomac Berhad's twin analysts are now forecasting revenues of RM274.8m in 2026. This would be a solid 15% improvement in revenue compared to the last 12 months. Per-share earnings are expected to shoot up 38% to RM0.028. Before this earnings report, the analysts had been forecasting revenues of RM264.8m and earnings per share (EPS) of RM0.037 in 2026. So it's pretty clear the analysts have mixed opinions on Glomac Berhad after the latest results; even though they upped their revenue numbers, it came at the cost of a large cut to per-share earnings expectations.

See our latest analysis for Glomac Berhad

The consensus price target was unchanged at RM0.37, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts.

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. For example, we noticed that Glomac Berhad's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 15% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 1.5% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 7.8% per year. Not only are Glomac Berhad's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at RM0.37, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

Even so, be aware that Glomac Berhad is showing 2 warning signs in our investment analysis , you should know about...

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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.