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Investors in ComfortDelGro Corporation Limited (SGX:C52) had a good week, as its shares rose 2.2% to close at S$1.39 following the release of its annual results. Results overall were respectable, with statutory earnings of S$0.097 per share roughly in line with what the analysts had forecast. Revenues of S$4.5b came in 7.0% ahead of analyst predictions. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. 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 ComfortDelGro
Following the latest results, ComfortDelGro's eight analysts are now forecasting revenues of S$4.64b in 2025. This would be a credible 3.6% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to expand 11% to S$0.11. In the lead-up to this report, the analysts had been modelling revenues of S$4.60b and earnings per share (EPS) of S$0.11 in 2025. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.
The consensus price target held steady at S$1.71, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on ComfortDelGro, with the most bullish analyst valuing it at S$1.80 and the most bearish at S$1.63 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
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 period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 3.6% growth on an annualised basis. That is in line with its 4.1% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 3.9% per year. So although ComfortDelGro is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.