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It's been a good week for Premier Foods plc (LON:PFD) shareholders, because the company has just released its latest annual results, and the shares gained 4.2% to UK£2.12. It looks like a credible result overall - although revenues of UK£1.1b were in line with what the analysts predicted, Premier Foods surprised by delivering a statutory profit of UK£0.14 per share, a notable 19% above expectations. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the consensus forecast from Premier Foods' seven analysts is for revenues of UK£1.19b in 2026. This reflects a modest 3.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are expected to drop 10% to UK£0.13 in the same period. Before this earnings report, the analysts had been forecasting revenues of UK£1.19b and earnings per share (EPS) of UK£0.13 in 2026. 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.
Check out our latest analysis for Premier Foods
The analysts reconfirmed their price target of UK£2.33, showing that the business is executing well and in line with expectations. 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. The most optimistic Premier Foods analyst has a price target of UK£2.50 per share, while the most pessimistic values it at UK£2.20. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Premier Foods is an easy business to forecast or the the analysts are all using similar assumptions.
Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Premier Foods' revenue growth is expected to slow, with the forecast 3.3% annualised growth rate until the end of 2026 being well below the historical 6.4% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.7% annually. So it's pretty clear that, while Premier Foods' revenue growth is expected to slow, it's expected to grow roughly in line with the industry.