Yahoo/Simply Wall St 18.2.23 said"There were no changes to...

Yahoo/Simply Wall St 18.2.23 said

"There were no changes to revenue or earnings estimates or the price target of AU$4.60, suggesting that the company has met expectations in its recent result. The consensus price target (amongst 12 analysts- my words) is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Telstra Group, with the most bullish analyst valuing it at AU$5.40 and the most bearish at AU$3.57 per share. 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.

Of course, another way to look at these forecasts is to place them into context against theindustryitself. For example, we noticed that Telstra Group's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 10% growth to the end of 2023 on an annualised basis. That is well above its historical decline of 4.9% a year over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 3.2% annually. Not only are Telstra Group's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

https://au.finance.yahoo.com/news/telstra-group-limited-asx-tls-221140535.html