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Investors in Fastned B.V. (AMS:FAST) had a good week, as its shares rose 9.7% to close at €17.62 following the release of its half-yearly results. Revenues were €38m, with Fastned B.V reporting some 3.1% below analyst expectations. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Fastned B.V after the latest results.
View our latest analysis for Fastned B.V
After the latest results, the nine analysts covering Fastned B.V are now predicting revenues of €91.5m in 2024. If met, this would reflect a sizeable 27% improvement in revenue compared to the last 12 months. Losses are supposed to decline, shrinking 14% from last year to €0.92. Before this earnings announcement, the analysts had been modelling revenues of €93.7m and losses of €0.84 per share in 2024. Overall it looks as though the analysts are negative in this update. Although revenue forecasts held steady, the consensus also made a modest increase to to its losses per share forecasts.
The average price target fell 7.7% to €33.33, implicitly signalling that lower earnings per share are a leading indicator for Fastned B.V's valuation. 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. The most optimistic Fastned B.V analyst has a price target of €45.00 per share, while the most pessimistic values it at €22.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.
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. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 61% growth on an annualised basis. That is in line with its 55% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.5% per year. So although Fastned B.V is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.