Last week saw the newest full-year earnings release from PropNex Limited (SGX:OYY), an important milestone in the company's journey to build a stronger business. Revenues of S$783m were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at S$0.055, missing estimates by 7.1%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for PropNex

Taking into account the latest results, the consensus forecast from PropNex's five analysts is for revenues of S$919.9m in 2025. This reflects a notable 17% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to shoot up 38% to S$0.076. In the lead-up to this report, the analysts had been modelling revenues of S$849.4m and earnings per share (EPS) of S$0.069 in 2025. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a nice increase in earnings per share in particular.

It will come as no surprise to learn that the analysts have increased their price target for PropNex 15% to S$1.11on the back of these upgrades. 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. Currently, the most bullish analyst values PropNex at S$1.30 per share, while the most bearish prices it at S$0.87. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

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. It's clear from the latest estimates that PropNex's rate of growth is expected to accelerate meaningfully, with the forecast 17% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 11% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 1.1% annually. It seems obvious that as part of the brighter growth outlook, PropNex is expected to grow faster than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around PropNex's earnings potential next year. On the plus side, they also lifted their revenue estimates, and the company is expected to perform better than the wider industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

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. At Simply Wall St, we have a full range of analyst estimates for PropNex going out to 2027, and you can see them free on our platform here..

Plus, you should also learn about the 1 warning sign we've spotted with PropNex .

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