Yahoo Finance Tyman plc (LON:TYMN) Full-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Tyman plc (LON:TYMN) shareholders are probably feeling a little disappointed, since its shares fell 3.3% to UK£2.90 in the week after its latest annual results. Tyman reported in line with analyst predictions, delivering revenues of UK£658m and statutory earnings per share of UK£0.20, suggesting the business is executing well and in line with its plan. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
See our latest analysis for Tyman
After the latest results, the seven analysts covering Tyman are now predicting revenues of UK£671.9m in 2024. If met, this would reflect a reasonable 2.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to ascend 16% to UK£0.23. Yet prior to the latest earnings, the analysts had been anticipated revenues of UK£688.3m and earnings per share (EPS) of UK£0.23 in 2024. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.
The consensus has reconfirmed its price target of UK£3.54, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on Tyman's market value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Tyman at UK£3.75 per share, while the most bearish prices it at UK£3.20. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
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 Tyman's revenue growth is expected to slow, with the forecast 2.2% annualised growth rate until the end of 2024 being well below the historical 3.6% 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 3.5% per year. Factoring in the forecast slowdown in growth, it seems obvious that Tyman is also expected to grow slower than other industry participants.
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. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Still, earnings are more important to the intrinsic value of the business. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Tyman going out to 2026, and you can see them free on our platform here.
Before you take the next step you should know about the 1 warning sign for Tyman that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
