JB Hi-Fi Limited (ASX:JBH) Analysts Are Pretty Bullish On The Stock After Recent Results

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Shareholders of JB Hi-Fi Limited (ASX:JBH) will be pleased this week, given that the stock price is up 12% to AU$72.98 following its latest annual results. The result was positive overall - although revenues of AU$9.6b were in line with what the analysts predicted, JB Hi-Fi surprised by delivering a statutory profit of AU$4.00 per share, modestly greater than expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for JB Hi-Fi

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Taking into account the latest results, the current consensus from JB Hi-Fi's 15 analysts is for revenues of AU$10.1b in 2025. This would reflect an okay 5.4% increase on its revenue over the past 12 months. Statutory per share are forecast to be AU$4.03, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of AU$9.85b and earnings per share (EPS) of AU$3.76 in 2025. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year.

It will come as no surprise to learn that the analysts have increased their price target for JB Hi-Fi 9.8% to AU$65.03on the back of these upgrades. 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. Currently, the most bullish analyst values JB Hi-Fi at AU$80.00 per share, while the most bearish prices it at AU$37.50. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

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 can infer from the latest estimates that forecasts expect a continuation of JB Hi-Fi'shistorical trends, as the 5.4% annualised revenue growth to the end of 2025 is roughly in line with the 5.9% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.5% per year. So although JB Hi-Fi is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.