TH Plantations Berhad (KLSE:THPLANT) investors will be delighted, with the company turning in some strong numbers with its latest results. The company beat forecasts, with revenue of RM752m, some 3.2% above estimates, and statutory earnings per share (EPS) coming in at RM0.033, 29% ahead of expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for TH Plantations Berhad

Taking into account the latest results, the most recent consensus for TH Plantations Berhad from twin analysts is for revenues of RM779.9m in 2024. If met, it would imply an okay 3.7% increase on its revenue over the past 12 months. Statutory earnings per share are expected to dive 26% to RM0.039 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of RM730.1m and earnings per share (EPS) of RM0.03 in 2024. So it seems there's been a definite increase in optimism about TH Plantations Berhad's future following the latest results, with a very substantial lift in the earnings per share forecasts in particular.

It will come as no surprise to learn that the analysts have increased their price target for TH Plantations Berhad 14% to RM0.58on the back of these upgrades.

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. We would highlight that TH Plantations Berhad's revenue growth is expected to slow, with the forecast 3.7% annualised growth rate until the end of 2024 being well below the historical 13% 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 4.8% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than TH Plantations Berhad.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around TH Plantations Berhad's earnings potential next year. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.