DBS Group Holdings Ltd (SGX:D05) last week reported its latest yearly results, which makes it a good time for investors to dive in and see if the business is performing in line with expectations. DBS Group Holdings reported in line with analyst predictions, delivering revenues of S$22b and statutory earnings per share of S$3.94, suggesting the business is executing well and in line with its plan. 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.

See our latest analysis for DBS Group Holdings SGX:D05 Earnings and Revenue Growth March 9th 2025

After the latest results, the 17 analysts covering DBS Group Holdings are now predicting revenues of S$23.0b in 2025. If met, this would reflect a satisfactory 6.3% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be S$3.93, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of S$23.0b and earnings per share (EPS) of S$3.93 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at S$48.50. 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. The most optimistic DBS Group Holdings analyst has a price target of S$53.70 per share, while the most pessimistic values it at S$42.75. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

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. We would highlight that DBS Group Holdings' revenue growth is expected to slow, with the forecast 6.3% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Compare this to the 503 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 6.7% per year. So it's pretty clear that, while DBS Group Holdings' revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

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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. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at S$48.50, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for DBS Group Holdings going out to 2027, and you can see them free on our platform here..

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