Ag Growth International Inc. (TSE:AFN) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
It's been a good week for Ag Growth International Inc. (TSE:AFN) shareholders, because the company has just released its latest first-quarter results, and the shares gained 9.1% to CA$36.23. Ag Growth International beat revenue forecasts by a solid 13%, hitting CA$287m. Statutory losses also blew out, with the loss per share reaching CA$0.90, some 94% bigger than the analysts expected. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
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Taking into account the latest results, Ag Growth International's seven analysts currently expect revenues in 2025 to be CA$1.35b, approximately in line with the last 12 months. Earnings are expected to improve, with Ag Growth International forecast to report a statutory profit of CA$2.14 per share. Before this earnings report, the analysts had been forecasting revenues of CA$1.32b and earnings per share (EPS) of CA$2.66 in 2025. So it's pretty clear the analysts have mixed opinions on Ag Growth International after the latest results; even though they upped their revenue numbers, it came at the cost of a real cut to per-share earnings expectations.
See our latest analysis for Ag Growth International
There's been no major changes to the price target of CA$48.50, suggesting that the impact of higher forecast revenue and lower earnings won't result in a meaningful change to the business' valuation. 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. The most optimistic Ag Growth International analyst has a price target of CA$55.00 per share, while the most pessimistic values it at CA$40.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Ag Growth International shareholders.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Ag Growth International's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 2.4% annualised decline to the end of 2025. That is a notable change from historical growth of 9.0% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 8.7% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Ag Growth International is expected to lag the wider industry.
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Ag Growth International. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. 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.
Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Ag Growth International analysts - going out to 2027, and you can see them free on our platform here.
And what about risks? Every company has them, and we've spotted 1 warning sign for Ag Growth International you should know about.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.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.
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