Earnings Miss: Giga-Byte Technology Co., Ltd. Missed EPS By 34% And Analysts Are Revising Their Forecasts

Giga-Byte Technology Co., Ltd. (TWSE:2376) just released its latest quarterly report and things are not looking great. Results showed a clear earnings miss, with NT$70b revenue coming in 5.2% lower than what the analystsexpected. Statutory earnings per share (EPS) of NT$2.81 missed the mark badly, arriving some 34% below what was expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Giga-Byte Technology

After the latest results, the ten analysts covering Giga-Byte Technology are now predicting revenues of NT$304.9b in 2025. If met, this would reflect a substantial 24% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 49% to NT$18.39. Before this earnings report, the analysts had been forecasting revenues of NT$306.1b and earnings per share (EPS) of NT$18.73 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at NT$367. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Giga-Byte Technology at NT$411 per share, while the most bearish prices it at NT$320. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 19% growth on an annualised basis. That is in line with its 22% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 21% per year. It's clear that while Giga-Byte Technology's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at NT$367, 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. We have forecasts for Giga-Byte Technology going out to 2026, and you can see them free on our platform here.

You still need to take note of risks, for example - Giga-Byte Technology has 3 warning signs (and 1 which is a bit concerning) we think 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.