It's been a good week for National Beverage Corp. (NASDAQ:FIZZ) shareholders, because the company has just released its latest yearly results, and the shares gained 5.2% to US$51.24. It was a credible result overall, with revenues of US$1.2b and statutory earnings per share of US$1.89 both in line with analyst estimates, showing that National Beverage is executing in line with expectations. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on National Beverage after the latest results.
Taking into account the latest results, the consensus forecast from National Beverage's single analyst is for revenues of US$1.22b in 2025. This reflects a credible 2.5% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 5.7% to US$2.00. Before this earnings report, the analyst had been forecasting revenues of US$1.20b and earnings per share (EPS) of US$1.99 in 2025. So it's pretty clear that, although the analyst has updated their estimates, there's been no major change in expectations for the business following the latest results.
There were no changes to revenue or earnings estimates or the price target of US$48.00, suggesting that the company has met expectations in its recent result.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the National Beverage's past performance and to peers in the same industry. We would highlight that National Beverage's revenue growth is expected to slow, with the forecast 2.5% annualised growth rate until the end of 2025 being well below the historical 4.3% 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 4.7% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than National Beverage.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analyst reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for National Beverage going out as far as 2027, and you can see them free on our platform here.
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for National Beverage that you should be aware of.
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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.
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