Yahoo Finance Janus Henderson Group plc Just Recorded A 33% EPS Beat: Here's What Analysts Are Forecasting Next
It's been a good week for Janus Henderson Group plc (NYSE:JHG) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.7% to US$32.55. Revenues were US$552m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at US$0.81, an impressive 33% ahead of estimates. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
View our latest analysis for Janus Henderson Group
Taking into account the latest results, the current consensus from Janus Henderson Group's nine analysts is for revenues of US$2.30b in 2024. This would reflect a satisfactory 6.6% increase on its revenue over the past 12 months. Statutory per-share earnings are expected to be US$2.65, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of US$2.30b and earnings per share (EPS) of US$2.68 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
There were no changes to revenue or earnings estimates or the price target of US$31.94, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Janus Henderson Group at US$39.00 per share, while the most bearish prices it at US$25.30. This shows there is still 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.
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. For example, we noticed that Janus Henderson Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 8.9% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 0.4% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 5.7% per year. Not only are Janus Henderson Group's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than 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. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at US$31.94, with the latest estimates not enough to have an impact on their price targets.
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 forecasts for Janus Henderson Group going out to 2026, 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 Janus Henderson Group (at least 1 which is significant) , and understanding them should be part of your investment process.
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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.
