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It's shaping up to be a tough period for Südzucker AG (ETR:SZU), which a week ago released some disappointing quarterly results that could have a notable impact on how the market views the stock. Results showed a clear earnings miss, with €2.6b revenue coming in 4.6% lower than what the analystsexpected. Statutory earnings per share (EPS) of €0.36 missed the mark badly, arriving some 32% below what was expected. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
View our latest analysis for Südzucker
Taking into account the latest results, Südzucker's four analysts currently expect revenues in 2025 to be €9.82b, approximately in line with the last 12 months. Statutory earnings per share are expected to plummet 35% to €0.15 in the same period. In the lead-up to this report, the analysts had been modelling revenues of €9.82b and earnings per share (EPS) of €0.21 in 2025. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a large cut to EPS estimates.
It might be a surprise to learn that the consensus price target was broadly unchanged at €10.78, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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. The most optimistic Südzucker analyst has a price target of €14.00 per share, while the most pessimistic values it at €9.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Südzucker's past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 2.3% by the end of 2025. This indicates a significant reduction from annual growth of 11% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.7% per year. It's pretty clear that Südzucker's revenues are expected to perform substantially worse than the wider industry.