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Cedar Woods Properties Limited (ASX:CWP) defied analyst predictions to release its full-year results, which were ahead of market expectations. Cedar Woods Properties beat expectations, with revenue hitting AU$386m (12% ahead of estimates) and EPS reaching AU$0.49 (a 9.4% beat). 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
See our latest analysis for Cedar Woods Properties
After the latest results, the six analysts covering Cedar Woods Properties are now predicting revenues of AU$447.6m in 2025. If met, this would reflect a meaningful 16% improvement in revenue compared to the last 12 months. Before this earnings report, the analysts had been forecasting revenues of AU$421.3m and earnings per share (EPS) of AU$0.50 in 2025. The thing that stands out most is that, while there's been a small lift in revenue estimates, the consensus no longer provides an EPS estimate. This impliesthat revenue is more important following the latest results.
The average price target rose 12% to AU$5.67, with the analysts clearly having become more optimistic about Cedar Woods Properties'prospects following these results. 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. Currently, the most bullish analyst values Cedar Woods Properties at AU$7.00 per share, while the most bearish prices it at AU$2.74. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Cedar Woods Properties' past performance and to peers in the same industry. It's clear from the latest estimates that Cedar Woods Properties' rate of growth is expected to accelerate meaningfully, with the forecast 16% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 4.7% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 2.6% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Cedar Woods Properties is expected to grow much faster than its industry.