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The interim results for Heidelberger Druckmaschinen Aktiengesellschaft (ETR:HDD) were released last week, making it a good time to revisit its performance. Heidelberger Druckmaschinen reported in line with analyst predictions, delivering revenues of €915m and statutory earnings per share of €0.13, suggesting the business is executing well and in line with its plan. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
See our latest analysis for Heidelberger Druckmaschinen
After the latest results, the three analysts covering Heidelberger Druckmaschinen are now predicting revenues of €2.40b in 2025. If met, this would reflect a credible 5.9% improvement in revenue compared to the last 12 months. Heidelberger Druckmaschinen is also expected to turn profitable, with statutory earnings of €0.15 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of €2.41b and earnings per share (EPS) of €0.14 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.
There's been no major changes to the consensus price target of €1.73, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock'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. There are some variant perceptions on Heidelberger Druckmaschinen, with the most bullish analyst valuing it at €1.90 and the most bearish at €1.55 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Heidelberger Druckmaschinen's rate of growth is expected to accelerate meaningfully, with the forecast 12% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 1.3% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 4.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Heidelberger Druckmaschinen to grow faster than the wider industry.