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It's shaping up to be a tough period for CENIT Aktiengesellschaft (ETR:CSH), which a week ago released some disappointing second-quarter results that could have a notable impact on how the market views the stock. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at €49m, statutory earnings missed forecasts by an incredible 96%, coming in at just €0.01 per share. 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 CENIT after the latest results.
See our latest analysis for CENIT
Taking into account the latest results, the consensus forecast from CENIT's five analysts is for revenues of €204.7m in 2024. This reflects a modest 4.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 96% to €0.72. Yet prior to the latest earnings, the analysts had been anticipated revenues of €202.0m and earnings per share (EPS) of €0.71 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
The analysts reconfirmed their price target of €21.29, showing that the business is executing well and in line with expectations. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values CENIT at €23.00 per share, while the most bearish prices it at €19.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.
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 CENIT's rate of growth is expected to accelerate meaningfully, with the forecast 9.4% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 2.9% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 10% per year. CENIT is expected to grow at about the same rate as its industry, so it's not clear that we can draw any conclusions from its growth relative to competitors.