As you might know, TSH Resources Berhad (KLSE:TSH) recently reported its interim numbers. Revenue of RM495b beat expectations by an impressive 99,901%, while statutory earnings per share (EPS) were RM0.069, in line with estimates. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for TSH Resources Berhad
Taking into account the latest results, the current consensus from TSH Resources Berhad's nine analysts is for revenues of RM1.09b in 2024. This would reflect a modest 3.8% increase on its revenue over the past 12 months. Per-share earnings are expected to rise 8.4% to RM0.075. In the lead-up to this report, the analysts had been modelling revenues of RM1.11b and earnings per share (EPS) of RM0.074 in 2024. 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.
The analysts reconfirmed their price target of RM1.15, 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 TSH Resources Berhad analyst has a price target of RM1.30 per share, while the most pessimistic values it at RM1.02. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Of course, another way to look at these forecasts is to place them into context against the industry itself. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 7.7% growth on an annualised basis. That is in line with its 8.6% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 3.4% annually. So although TSH Resources Berhad is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at RM1.15, with the latest estimates not enough to have an impact on their price targets.