Shareholders in Impala Platinum Holdings Limited (JSE:IMP) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The consensus statutory numbers for both revenue and earnings per share (EPS) increased, with their view clearly much more bullish on the company's business prospects.

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Following the upgrade, the latest consensus from Impala Platinum Holdings' eight analysts is for revenues of R136b in 2026, which would reflect a major 59% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to surge 3,983% to R34.64. Before this latest update, the analysts had been forecasting revenues of R123b and earnings per share (EPS) of R27.15 in 2026. There has definitely been an improvement in perception recently, with the analysts substantially increasing both their earnings and revenue estimates.

See our latest analysis for Impala Platinum Holdings

JSE:IMP Earnings and Revenue Growth February 3rd 2026

It will come as no surprise to learn that the analysts have increased their price target for Impala Platinum Holdings 23% to R365 on the back of these upgrades.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. For example, we noticed that Impala Platinum Holdings' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 59% growth to the end of 2026 on an annualised basis. That is well above its historical decline of 4.3% 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 17% annually. Not only are Impala Platinum Holdings' revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Given that the consensus looks almost universally bullish, with a substantial increase to forecasts and a higher price target, Impala Platinum Holdings could be worth investigating further.

Better yet, our automated discounted cash flow calculation (DCF) suggests Impala Platinum Holdings could be moderately undervalued. You can learn more about our valuation methodology on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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