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Shareholders might have noticed that Calibre Mining Corp. (TSE:CXB) filed its quarterly result this time last week. The early response was not positive, with shares down 6.9% to CA$2.29 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at US$117m, statutory earnings were in line with expectations, at US$0.18 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
View our latest analysis for Calibre Mining
Taking into account the latest results, the most recent consensus for Calibre Mining from five analysts is for revenues of US$1.02b in 2025. If met, it would imply a huge 91% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to surge 1,177% to US$0.46. Before this earnings report, the analysts had been forecasting revenues of US$1.03b and earnings per share (EPS) of US$0.30 in 2025. Although the revenue estimates have not really changed, we can see there's been a massive increase in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
The consensus price target was unchanged at CA$3.64, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Calibre Mining, with the most bullish analyst valuing it at CA$5.00 and the most bearish at CA$3.00 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Calibre Mining shareholders.
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 Calibre Mining's rate of growth is expected to accelerate meaningfully, with the forecast 68% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 31% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 16% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Calibre Mining to grow faster than the wider industry.