Analysts' Revenue Estimates For MINISO Group Holding Limited (NYSE:MNSO) Are Surging Higher

MINISO Group Holding Limited (NYSE:MNSO) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's statutory forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects. MINISO Group Holding has also found favour with investors, with the stock up a remarkable 13% to US$20.67 over the past week. It will be interesting to see if today's upgrade is enough to propel the stock even higher.

Following the upgrade, the latest consensus from MINISO Group Holding's 13 analysts is for revenues of CN¥16b in 2024, which would reflect a meaningful 19% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing CN¥12b of revenue in 2024. It looks like there's been a clear increase in optimism around MINISO Group Holding, given the sizeable gain to revenue forecasts.

See our latest analysis for MINISO Group Holding

There was no particular change to the consensus price target of CN¥200, with MINISO Group Holding's latest outlook seemingly not enough to result in a change of valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic MINISO Group Holding analyst has a price target of CN¥229 per share, while the most pessimistic values it at CN¥160. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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 analysts are definitely expecting MINISO Group Holding's growth to accelerate, with the forecast 19% annualised growth to the end of 2024 ranking favourably alongside historical growth of 15% per annum over the past three years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that MINISO Group Holding is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. They're also forecasting more rapid revenue growth than the wider market. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at MINISO Group Holding.

Want to learn more? We have analyst estimates for MINISO Group Holding going out to 2026, and you can see them free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

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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.