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It's been a good week for Dürr Aktiengesellschaft (ETR:DUE) shareholders, because the company has just released its latest interim results, and the shares gained 3.3% to €19.85. Statutory earnings per share fell badly short of expectations, coming in at €0.27, some 48% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at €2.3b. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
See our latest analysis for Dürr
Taking into account the latest results, Dürr's eleven analysts currently expect revenues in 2024 to be €4.85b, approximately in line with the last 12 months. Statutory earnings per share are predicted to leap 34% to €1.76. Yet prior to the latest earnings, the analysts had been anticipated revenues of €4.83b and earnings per share (EPS) of €1.90 in 2024. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.
The consensus price target held steady at €30.41, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Dürr at €40.00 per share, while the most bearish prices it at €22.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that Dürr's revenue growth is expected to slow, with the forecast 3.1% annualised growth rate until the end of 2024 being well below the historical 5.5% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.6% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Dürr.