As you might know, Genting Malaysia Berhad (KLSE:GENM) recently reported its quarterly numbers. Results were roughly in line with estimates, with revenues of RM2.7b and statutory earnings per share of RM0.077. 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 collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
View our latest analysis for Genting Malaysia Berhad
Taking into account the latest results, the consensus forecast from Genting Malaysia Berhad's 13 analysts is for revenues of RM11.4b in 2025. This reflects a modest 4.1% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be RM0.16, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of RM11.5b and earnings per share (EPS) of RM0.17 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.
The consensus price target held steady at RM3.03, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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 Genting Malaysia Berhad at RM3.65 per share, while the most bearish prices it at RM2.28. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Genting Malaysia Berhad's past performance and to peers in the same industry. We would highlight that Genting Malaysia Berhad's revenue growth is expected to slow, with the forecast 3.3% annualised growth rate until the end of 2025 being well below the historical 9.2% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.2% per year. Factoring in the forecast slowdown in growth, it seems obvious that Genting Malaysia Berhad is also expected to grow slower than other industry participants.