ITMAX System Berhad Beat Revenue Forecasts By 17%: Here's What Analysts Are Forecasting Next

Last week, you might have seen that ITMAX System Berhad (KLSE:ITMAX) released its full-year result to the market. The early response was not positive, with shares down 3.2% to RM3.90 in the past week. ITMAX System Berhad beat revenue forecasts by a solid 17% to hit RM220m. Statutory earnings per share came in at RM0.076, in line with expectations. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for ITMAX System Berhad

Taking into account the latest results, the most recent consensus for ITMAX System Berhad from three analysts is for revenues of RM232.5m in 2025. If met, it would imply a satisfactory 5.6% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to climb 18% to RM0.092. In the lead-up to this report, the analysts had been modelling revenues of RM235.2m and earnings per share (EPS) of RM0.093 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of RM4.67, showing that the business is executing well and in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic ITMAX System Berhad analyst has a price target of RM5.17 per share, while the most pessimistic values it at RM4.30. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that ITMAX System Berhad's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 5.6% growth on an annualised basis. This is compared to a historical growth rate of 30% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 15% 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 ITMAX System 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 RM4.67, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for ITMAX System Berhad 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 ITMAX System 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.