QL Resources Berhad (KLSE:QL) just released its latest yearly report and things are not looking great. Results look to have been somewhat negative – revenue fell 4.6% short of analyst estimates at RM7.0b, and statutory earnings of RM0.12 per share missed forecasts by 3.7%. 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. We’ve gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
KLSE:QL Earnings and Revenue Growth May 31st 2026
Taking into account the latest results, the consensus forecast from QL Resources Berhad’s 13 analysts is for revenues of RM7.70b in 2027. This reflects a solid 9.3% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to accumulate 7.2% to RM0.13. In the lead-up to this report, the analysts had been modelling revenues of RM7.85b and earnings per share (EPS) of RM0.14 in 2027. So it looks like there’s been a small decline in overall sentiment after the recent results – there’s been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.
View our latest analysis for QL Resources Berhad
It might be a surprise to learn that the consensus price target was broadly unchanged at RM4.22, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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. The most optimistic QL Resources Berhad analyst has a price target of RM5.40 per share, while the most pessimistic values it at RM3.48. 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. The period to the end of 2027 brings more of the same, according to the analysts, with revenue forecast to display 9.3% growth on an annualised basis. That is in line with its 8.8% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 3.5% per year. So it’s pretty clear that QL Resources Berhad is forecast to grow substantially faster than its industry.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster 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.
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 QL Resources Berhad analysts – going out to 2029, and you can see them free on our platform here.
It might also be worth considering whether QL Resources Berhad’s debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
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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.