As you might know, Grupo SBF S.A. (BVMF:SBFG3) recently reported its quarterly numbers. Things were not great overall, with a surprise (statutory) loss of R$0.08 per share on revenues of R$2.0b, even though the analysts had been expecting a profit. 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. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the current consensus from Grupo SBF’s seven analysts is for revenues of R$9.15b in 2027. This would reflect a decent 8.1% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to bounce 61% to R$2.20. Yet prior to the latest earnings, the analysts had been anticipated revenues of R$9.28b and earnings per share (EPS) of R$2.22 in 2027. 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.
View our latest analysis for Grupo SBF
It will come as no surprise then, to learn that the consensus price target is largely unchanged at R$15.13. 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. There are some variant perceptions on Grupo SBF, with the most bullish analyst valuing it at R$23.00 and the most bearish at R$9.00 per share. 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.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It’s pretty clear that there is an expectation that Grupo SBF’s revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 6.4% growth on an annualised basis. This is compared to a historical growth rate of 9.2% over the past five years. Compare this to the 12 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 7.1% per year. Factoring in the forecast slowdown in growth, it looks like Grupo SBF is forecast to grow at about the same rate as 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 real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at R$15.13, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company’s earnings is a lot more important than next year. We have estimates – from multiple Grupo SBF analysts – going out to 2028, and you can see them free on our platform here.
That said, it’s still necessary to consider the ever-present spectre of investment risk. We’ve identified 3 warning signs with Grupo SBF (at least 2 which are a bit unpleasant) , and understanding these should be part of your investment process.
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