There's been a notable change in appetite for Vinda International Holdings Limited (HKG:3331) shares in the week since its full-year report, with the stock down 14% to HK$18.00. The result was positive overall - although revenues of HK$16b were in line with what analysts predicted, Vinda International Holdings surprised by delivering a statutory profit of HK$0.95 per share, modestly greater than expected. Earnings are an important time for investors, as they can track a company's performance, look at what top 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 analysts' latest (statutory) post-earnings forecasts for next year.

View our latest analysis for Vinda International Holdings

After the latest results, the nine analysts covering Vinda International Holdings are now predicting revenues of HK$17.5b in 2020. If met, this would reflect a notable 8.7% improvement in sales compared to the last 12 months. Statutory earnings per share are expected to soar 24% to HK$1.18. Yet prior to the latest earnings, analysts had been forecasting revenues of HK$17.5b and earnings per share (EPS) of HK$1.18 in 2020. So it's pretty clear that, although 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 HK$21.95, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Vinda International Holdings, with the most bullish analyst valuing it at HK$27.70 and the most bearish at HK$15.80 per share. This shows there is still quite 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 to assess these estimates is by comparing them to past performance, and seeing whether analysts are more or less bullish relative to other companies in the market. We would highlight that Vinda International Holdings's revenue growth is expected to slow, with forecast 8.7% increase next year well below the historical 13%p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the market, which are in aggregate expected to see revenue growth of 11% next year. So it's pretty clear that, while revenue growth is expected to slow down, analysts still expect the wider market to grow faster than Vinda International Holdings.