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Nemetschek SE (ETR:NEM) shareholders are probably feeling a little disappointed, since its shares fell 3.3% to €112 in the week after its latest annual results. Nemetschek reported in line with analyst predictions, delivering revenues of €996m and statutory earnings per share of €1.52, suggesting the business is executing well and in line with its plan. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Nemetschek after the latest results.
After the latest results, the 17 analysts covering Nemetschek are now predicting revenues of €1.17b in 2025. If met, this would reflect a decent 18% improvement in revenue compared to the last 12 months. Per-share earnings are expected to grow 20% to €1.82. In the lead-up to this report, the analysts had been modelling revenues of €1.17b and earnings per share (EPS) of €1.85 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
See our latest analysis for Nemetschek
There were no changes to revenue or earnings estimates or the price target of €111, suggesting that the company has met expectations in its recent result. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Nemetschek, with the most bullish analyst valuing it at €142 and the most bearish at €68.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Nemetschek's past performance and to peers in the same industry. The analysts are definitely expecting Nemetschek's growth to accelerate, with the forecast 18% annualised growth to the end of 2025 ranking favourably alongside historical growth of 11% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 11% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Nemetschek to grow faster than the wider industry.