Analysts raised their forecasts for the next fiscal year following JD Sports Fashion's half-year results. However, the overall earnings outlook was little changed, and the consensus target price remained broadly flat.
JD Sports Fashion released its latest half-year results, reporting revenue of £5.9 billion and statutory EPS of £0.085. The share price rose 2.9% after the results announcement to £0.80. Analysts assessed the company's performance as in line with market expectations.
Following the results, 2027 revenue is forecast at £12.6 billion and EPS at £0.093. Before the results announcement, forecasts were £12.5 billion for revenue and £0.095 for EPS. The view was that forecasts had been raised, but there was no significant change.
The market consensus target price was £1.02, broadly unchanged. The most optimistic target price was £1.80, while the most pessimistic view valued the shares at £0.75, confirming a wide range of forecasts.
The long-term outlook points to slower revenue growth and underperformance relative to peers. The latest forecasts indicate an annual growth slowdown of approximately 0.9% through the end of 2027.