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It's shaping up to be a tough period for Bertrandt Aktiengesellschaft (ETR:BDT), which a week ago released some disappointing yearly results that could have a notable impact on how the market views the stock. Revenues missed expectations somewhat, coming in at €1.2b, but statutory earnings fell catastrophically short, with a loss of €7.64 some 69% larger than what the analysts had predicted. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
See our latest analysis for Bertrandt
Taking into account the latest results, Bertrandt's four analysts currently expect revenues in 2025 to be €1.20b, approximately in line with the last 12 months. Bertrandt is also expected to turn profitable, with statutory earnings of €2.65 per share. Before this earnings report, the analysts had been forecasting revenues of €1.26b and earnings per share (EPS) of €2.65 in 2025. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.
The consensus has reconfirmed its price target of €32.75, showing that the analysts don't expect weaker revenue expectations next year to have a material impact on Bertrandt's market value. 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. Currently, the most bullish analyst values Bertrandt at €46.00 per share, while the most bearish prices it at €25.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the 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. We would highlight that Bertrandt's revenue growth is expected to slow, with the forecast 1.0% annualised growth rate until the end of 2025 being well below the historical 5.3% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.8% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Bertrandt.