Briscoe Group Limited Just Missed Earnings - But Analysts Have Updated Their Models

As you might know, Briscoe Group Limited (NZSE:BGP) recently reported its yearly numbers. Revenues of NZ$791m were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at NZ$0.27, missing estimates by 9.6%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for Briscoe Group

Taking into account the latest results, the current consensus from Briscoe Group's two analysts is for revenues of NZ$808.6m in 2026. This would reflect a reasonable 2.2% increase on its revenue over the past 12 months. Per-share earnings are expected to swell 15% to NZ$0.31. In the lead-up to this report, the analysts had been modelling revenues of NZ$812.1m and earnings per share (EPS) of NZ$0.34 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 analysts did make a minor downgrade to their earnings per share forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at NZ$4.99, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Briscoe Group's past performance and to peers in the same industry. We would highlight that Briscoe Group's revenue growth is expected to slow, with the forecast 2.2% annualised growth rate until the end of 2026 being well below the historical 4.1% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.8% 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 Briscoe Group.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Briscoe Group. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Briscoe Group's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

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 least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

It is also worth noting that we have found 1 warning sign for Briscoe 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.