My Food Bag Group Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

It's been a good week for My Food Bag Group Limited (NZSE:MFB) shareholders, because the company has just released its latest annual results, and the shares gained 8.9% to NZ$0.20. Revenues were NZ$162m, approximately in line with expectations, although statutory earnings per share (EPS) performed substantially better. EPS of NZ$0.03 were also better than expected, beating analyst predictions by 20%. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year.

Our free stock report includes 2 warning signs investors should be aware of before investing in My Food Bag Group. Read for free now.

Taking into account the latest results, the most recent consensus for My Food Bag Group from single analyst is for revenues of NZ$166.2m in 2026. If met, it would imply a modest 2.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to rise 5.9% to NZ$0.028. Yet prior to the latest earnings, the analyst had been anticipated revenues of NZ$163.4m and earnings per share (EPS) of NZ$0.029 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analyst did make a minor downgrade to their earnings per share forecasts.

See our latest analysis for My Food Bag Group

Despite cutting their earnings forecasts,the analyst has lifted their price target 12% to NZ$0.28, suggesting that these impacts are not expected to weigh on the stock's value in the long term.

Of course, another way to look at these forecasts is to place them into context against the industry itself. For example, we noticed that My Food Bag Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 2.5% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 2.3% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 3.0% per year. Although My Food Bag Group's revenues are expected to improve, it seems that the analyst is still bearish on the business, forecasting it to grow slower than the broader industry.

The Bottom Line

The biggest concern is that the analyst reduced their earnings per share estimates, suggesting business headwinds could lay ahead for My Food Bag Group. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. We note an upgrade to the price target, suggesting that the analyst believes the intrinsic value of the business is likely to improve over time.

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. We have analyst estimates for My Food Bag Group going out as far as 2028, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for My Food Bag Group that you need to take into consideration.

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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.