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Investors in Ibstock plc (LON:IBST) had a good week, as its shares rose 3.4% to close at UK£1.69 following the release of its annual results. Statutory earnings per share fell badly short of expectations, coming in at UK£0.038, some 23% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at UK£366m. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
View our latest analysis for Ibstock
After the latest results, the ten analysts covering Ibstock are now predicting revenues of UK£400.8m in 2025. If met, this would reflect a notable 9.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to soar 110% to UK£0.08. In the lead-up to this report, the analysts had been modelling revenues of UK£400.8m and earnings per share (EPS) of UK£0.079 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
There were no changes to revenue or earnings estimates or the price target of UK£2.07, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Ibstock at UK£2.40 per share, while the most bearish prices it at UK£1.82. 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. The analysts are definitely expecting Ibstock's growth to accelerate, with the forecast 9.4% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.9% per annum 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 6.7% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Ibstock to grow faster than the wider industry.