Analysts Are Updating Their Genting Singapore Limited (SGX:G13) Estimates After Its Full-Year Results

Last week saw the newest yearly earnings release from Genting Singapore Limited (SGX:G13), an important milestone in the company's journey to build a stronger business. It looks like the results were a bit of a negative overall. While revenues of S$2.5b were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.2% to hit S$0.048 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for Genting Singapore

Following the latest results, Genting Singapore's 15 analysts are now forecasting revenues of S$2.63b in 2025. This would be an okay 4.1% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 8.3% to S$0.052. In the lead-up to this report, the analysts had been modelling revenues of S$2.73b and earnings per share (EPS) of S$0.055 in 2025. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.

The analysts made no major changes to their price target of S$0.99, suggesting the downgrades are not expected to have a long-term impact on Genting Singapore's valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Genting Singapore, with the most bullish analyst valuing it at S$1.22 and the most bearish at S$0.80 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Genting Singapore's revenue growth is expected to slow, with the forecast 4.1% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 12% annually. Factoring in the forecast slowdown in growth, it seems obvious that Genting Singapore is also expected to grow slower than other industry participants.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Genting Singapore. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at S$0.99, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Genting Singapore. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Genting Singapore going out to 2027, and you can see them free on our platform here..

However, before you get too enthused, we've discovered 1 warning sign for Genting Singapore that you should be aware 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.