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The third-quarter results for KION GROUP AG (ETR:KGX) were released last week, making it a good time to revisit its performance. It looks like a pretty bad result, all things considered. Although revenues of €2.7b were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 24% to hit €0.55 per share. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
View our latest analysis for KION GROUP
Taking into account the latest results, KION GROUP's 17 analysts currently expect revenues in 2025 to be €11.4b, approximately in line with the last 12 months. Per-share earnings are expected to bounce 36% to €3.45. Yet prior to the latest earnings, the analysts had been anticipated revenues of €11.5b and earnings per share (EPS) of €3.49 in 2025. 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 €48.75, showing that the business is executing well and in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on KION GROUP, with the most bullish analyst valuing it at €65.00 and the most bearish at €37.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
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 revenue is expected to reverse, with a forecast 1.0% annualised decline to the end of 2025. That is a notable change from historical growth of 7.5% 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 4.3% per year. It's pretty clear that KION GROUP's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that KION GROUP's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €48.75, with the latest estimates not enough to have an impact on their price targets.