--- title: "Earnings Beat: Mercari, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models" type: "News" locale: "en" url: "https://longbridge.com/en/news/286343441.md" description: "Mercari, Inc. (TSE:4385) surpassed analyst expectations in its third-quarter results, reporting revenues of JP¥61b, 9.1% above forecasts, and a statutory profit of JP¥53.65, 23% higher than predicted. Analysts have raised their revenue forecast for 2027 to JP¥241.3b, reflecting a 12% increase, and lifted the price target by 5.5% to JP¥3,848 per share. Despite a projected slowdown in revenue growth, Mercari is expected to outpace industry growth rates. Analysts show increased optimism, but caution is advised due to identified warning signs." datetime: "2026-05-14T02:03:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286343441.md) - [en](https://longbridge.com/en/news/286343441.md) - [zh-HK](https://longbridge.com/zh-HK/news/286343441.md) --- # Earnings Beat: Mercari, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models **Mercari, Inc.** (TSE:4385) defied analyst predictions to release its third-quarter results, which were ahead of market expectations. It was overall a positive result, with revenues beating expectations by 9.1% to hit JP¥61b. Mercari also reported a statutory profit of JP¥53.65, which was an impressive 23% 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. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. TSE:4385 Earnings and Revenue Growth May 14th 2026 Taking into account the latest results, the consensus forecast from Mercari's 13 analysts is for revenues of JP¥241.3b in 2027. This reflects a notable 12% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be JP¥202, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of JP¥234.6b and earnings per share (EPS) of JP¥188 in 2027. So there seems to have been a moderate uplift in sentiment following the latest results, given the upgrades to both revenue and earnings per share forecasts for next year. See our latest analysis for Mercari With these upgrades, we're not surprised to see that the analysts have lifted their price target 5.5% to JP¥3,848per share. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Mercari, with the most bullish analyst valuing it at JP¥4,500 and the most bearish at JP¥2,700 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Mercari shareholders. Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Mercari's revenue growth is expected to slow, with the forecast 9.3% annualised growth rate until the end of 2027 being well below the historical 12% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.9% per year. Even after the forecast slowdown in growth, it seems obvious that Mercari is also expected to grow faster than the wider industry. ## 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 Mercari following these results. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time. With that in mind, we wouldn't be too quick to come to a conclusion on Mercari. Long-term earnings power is much more important than next year's profits. We have forecasts for Mercari going out to 2028, and you can see them free on our platform here. We don't want to rain on the parade too much, but we did also find **2 warning signs for Mercari** that you need to be mindful of. ### **New:** Manage All Your Stock Portfolios in One Place We've created the **ultimate portfolio companion** for stock investors, **and it's free.** • Connect an unlimited number of Portfolios and see your total in one currency • Be alerted to new Warning Signs or Risks via email or mobile • Track the Fair Value of your stocks Try a Demo Portfolio for Free ### Related Stocks - [4385.JP](https://longbridge.com/en/quote/4385.JP.md) - [MCARY.US](https://longbridge.com/en/quote/MCARY.US.md) - [ONLN.US](https://longbridge.com/en/quote/ONLN.US.md) ## Related News & Research - [Mercari: Record-high revenue and profit, with double-digit growth and strong AI-driven expansion](https://longbridge.com/en/news/294920571.md) - [Macnica Holdings (TSE:3132) Beats On Earnings And Lifts Dividend, Is It Still Overvalued?](https://longbridge.com/en/news/294713526.md) - [AGC Inc. 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