As you might know, Macquarie Group Limited (ASX:MQG) just kicked off its latest full-year results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 3.0% to hit AU$20b. Macquarie Group reported statutory earnings per share (EPS) AU$12.67, which was a notable 12% above what the analysts had forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, Macquarie Group's eleven analysts currently expect revenues in 2027 to be AU$19.5b, approximately in line with the last 12 months. Statutory per share are forecast to be AU$13.03, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of AU$19.8b and earnings per share (EPS) of AU$12.46 in 2027. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

See our latest analysis for Macquarie Group

The consensus price target was unchanged at AU$249, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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 Macquarie Group at AU$271 per share, while the most bearish prices it at AU$205. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Macquarie Group's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 0.8% annualised decline to the end of 2027. That is a notable change from historical growth of 3.6% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 6.0% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Macquarie Group is expected to lag the wider industry.

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The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Macquarie Group following these results. 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. At Simply Wall St, we have a full range of analyst estimates for Macquarie Group going out to 2029, and you can see them free on our platform here..

However, before you get too enthused, we've discovered 1 warning sign for Macquarie Group 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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