Stock Analysis

Here's What Analysts Are Forecasting For National Beverage Corp. (NASDAQ:FIZZ) After Its Annual Results

NasdaqGS:FIZZ
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It's been a good week for National Beverage Corp. (NASDAQ:FIZZ) shareholders, because the company has just released its latest yearly results, and the shares gained 5.2% to US$51.24. It was a credible result overall, with revenues of US$1.2b and statutory earnings per share of US$1.89 both in line with analyst estimates, showing that National Beverage is executing in line with expectations. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on National Beverage after the latest results.

View our latest analysis for National Beverage

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NasdaqGS:FIZZ Earnings and Revenue Growth June 30th 2024

After the latest results, the one analyst covering National Beverage are now predicting revenues of US$1.22b in 2025. If met, this would reflect a satisfactory 2.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 5.7% to US$2.00. Before this earnings report, the analyst had been forecasting revenues of US$1.20b and earnings per share (EPS) of US$1.99 in 2025. The consensus analyst doesn't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analyst reconfirmed their price target of US$48.00, showing that the business is executing well and in line with expectations.

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. We would highlight that National Beverage's revenue growth is expected to slow, with the forecast 2.5% annualised growth rate until the end of 2025 being well below the historical 4.3% 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 4.7% per year. Factoring in the forecast slowdown in growth, it seems obvious that National Beverage is also expected to grow slower than other industry participants.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analyst holding their earnings forecasts steady, in line with previous estimates. Fortunately, the analyst also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that National Beverage'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. We have analyst estimates for National Beverage going out as far as 2027, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with National Beverage , and understanding them should be part of your investment process.

Valuation is complex, but we're helping make it simple.

Find out whether National Beverage is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.

Valuation is complex, but we're helping make it simple.

Find out whether National Beverage is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com