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Investors in Manawa Energy Limited (NZSE:MNW) had a good week, as its shares rose 2.7% to close at NZ$4.24 following the release of its yearly results. Revenue of NZ$473m surpassed estimates by 8.4%, although statutory earnings per share missed badly, coming in 71% below expectations at NZ$0.075 per share. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Check out our latest analysis for Manawa Energy
Taking into account the latest results, the current consensus from Manawa Energy's five analysts is for revenues of NZ$513.5m in 2025. This would reflect a notable 8.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to shoot up 197% to NZ$0.22. In the lead-up to this report, the analysts had been modelling revenues of NZ$475.7m and earnings per share (EPS) of NZ$0.24 in 2025. Overall it looks as though the analysts were a bit mixed on the latest results. Although there was a a notable to revenue, the consensus also made a minor downgrade to its earnings per share forecasts.
The consensus price target was unchanged at NZ$5.77, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. 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 Manawa Energy at NZ$7.55 per share, while the most bearish prices it at NZ$4.80. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. One thing stands out from these estimates, which is that Manawa Energy is forecast to grow faster in the future than it has in the past, with revenues expected to display 8.5% annualised growth until the end of 2025. If achieved, this would be a much better result than the 23% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 0.9% per year. So it looks like Manawa Energy is expected to grow faster than its competitors, at least for a while.