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As you might know, q.beyond AG (ETR:QBY) recently reported its annual numbers. It was an okay report, and revenues came in at €193m, approximately in line with analyst estimates leading up to the results announcement. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
View our latest analysis for q.beyond
Following the recent earnings report, the consensus from four analysts covering q.beyond is for revenues of €188.5m in 2025. This implies a noticeable 2.1% decline in revenue compared to the last 12 months. q.beyond is also expected to turn profitable, with statutory earnings of €0.018 per share. Yet prior to the latest earnings, the analysts had been anticipated revenues of €202.6m and earnings per share (EPS) of €0.015 in 2025. Although the analysts have lowered their revenue forecasts, they've also made a substantial gain in their earnings per share estimates, which implies there's been something of an uptick in sentiment following the latest results.
The consensus has made no major changes to the price target of €1.28, suggesting the forecast improvement in earnings is expected to offset the decline in revenues next year. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on q.beyond, with the most bullish analyst valuing it at €1.40 and the most bearish at €1.20 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
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. We would highlight that revenue is expected to reverse, with a forecast 2.1% annualised decline to the end of 2025. That is a notable change from historical growth of 3.4% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 6.1% annually for the foreseeable future. It's pretty clear that q.beyond's revenues are expected to perform substantially worse than the wider industry.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around q.beyond's earnings potential next year. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. Even so, earnings are more important to the intrinsic value of the business. The consensus price target held steady at €1.28, with the latest estimates not enough to have an impact on their price targets.