Analysts agree with Glanbia’s annual earnings per share growth projections

Market analysts have concurred with Glanbia’s view that a successful international growth strategy, coupled with the likely spinoff of its Irish dairy business to co-op members, will see a growth in its annual adjusted earnings per share.

In an interim management statement issued yesterday, Glanbia estimates that share earnings will grow by 10% on a constant currency basis this year. Total group revenue rose slightly in the nine months to Sept 29.

Goodbody Stockbrokers have upgraded their FY12 forecasts for Glanbia by 2%, noting that the full- year earnings per share will be closer to the 18% than the 16% it had been predicting.