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Investors in HomeToGo SE (ETR:HTG) had a good week, as its shares rose 4.1% to close at €2.27 following the release of its quarterly results. It was a negative result overall, with revenues coming in 14% less than what the analysts expected, at €87m. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on HomeToGo after the latest results.
View our latest analysis for HomeToGo
Following the latest results, HomeToGo's six analysts are now forecasting revenues of €253.2m in 2025. This would be a major 26% improvement in revenue compared to the last 12 months. Before this earnings announcement, the analysts had been modelling revenues of €258.7m and losses of €0.07 per share in 2025. So we can see that while the consensus made a minor downgrade to revenue estimates, it no longer provides an earnings per share estimate. This suggests that the market is now more focused on revenue after the latest result.
There's been no real change to the consensus price target of €4.63, with HomeToGo seemingly executing in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic HomeToGo analyst has a price target of €6.80 per share, while the most pessimistic values it at €3.50. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of HomeToGo'shistorical trends, as the 21% annualised revenue growth to the end of 2025 is roughly in line with the 26% 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 9.6% per year. So it's pretty clear that HomeToGo is forecast to grow substantially faster than its industry.
The Bottom Line
The clear low-light was that the analysts cut their forecast revenue estimates for HomeToGo next year. Regrettably, they also downgraded their revenue estimates, but the latest forecasts still imply the business will grow faster than the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.