Shareholders might have noticed that Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. (SHSE:603369) filed its quarterly result this time last week. The early response was not positive, with shares down 5.4% to CN¥44.48 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at CN¥2.6b, statutory earnings were in line with expectations, at CN¥0.51 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

After the latest results, the 15 analysts covering Jiangsu King's Luck Brewery Ltd are now predicting revenues of CN¥14.6b in 2025. If met, this would reflect a substantial 25% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 24% to CN¥3.58. Before this earnings report, the analysts had been forecasting revenues of CN¥14.7b and earnings per share (EPS) of CN¥3.62 in 2025. 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.

The consensus price target fell 5.0% to CN¥54.08, suggesting that the analysts might have been a bit enthusiastic in their previous valuation - or they were expecting the company to provide stronger guidance in the quarterly results. 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 Jiangsu King's Luck Brewery Ltd at CN¥75.40 per share, while the most bearish prices it at CN¥40.50. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 20% growth on an annualised basis. That is in line with its 20% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 12% annually. So it's pretty clear that Jiangsu King's Luck Brewery Ltd is forecast to grow substantially faster than its 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. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.

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 Jiangsu King's Luck Brewery Ltd analysts - going out to 2026, and you can see them free on our platform here.

Even so, be aware that Jiangsu King's Luck Brewery Ltd is showing 2 warning signs in our investment analysis , and 1 of those is a bit concerning...

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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.