99 Speed Mart Retail Holdings Berhad (KLSE:99SMART) last week reported its latest first-quarter results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. Results look mixed - while revenue fell marginally short of analyst estimates at RM2.6b, statutory earnings were in line with expectations, at RM0.058 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, the most recent consensus for 99 Speed Mart Retail Holdings Berhad from eight analysts is for revenues of RM11.2b in 2025. If met, it would imply a notable 10% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to ascend 15% to RM0.069. In the lead-up to this report, the analysts had been modelling revenues of RM11.2b and earnings per share (EPS) of RM0.07 in 2025. The consensus analysts don'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.
Check out our latest analysis for 99 Speed Mart Retail Holdings Berhad
The analysts reconfirmed their price target of RM2.63, showing that the business is executing well and in line with expectations. 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 99 Speed Mart Retail Holdings Berhad, with the most bullish analyst valuing it at RM2.98 and the most bearish at RM2.30 per share. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that 99 Speed Mart Retail Holdings Berhad's rate of growth is expected to accelerate meaningfully, with the forecast 14% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 8.1% over the past year. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 9.5% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that 99 Speed Mart Retail Holdings Berhad is expected to grow much faster than its industry.