In This Article:
As you might know, BE Semiconductor Industries N.V. (AMS:BESI) just kicked off its latest third-quarter results with some very strong numbers. The company beat expectations with revenues of €157m arriving 2.3% ahead of forecasts. Statutory earnings per share (EPS) were €0.59, 8.3% ahead of estimates. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
See our latest analysis for BE Semiconductor Industries
Taking into account the latest results, the most recent consensus for BE Semiconductor Industries from 20 analysts is for revenues of €884.2m in 2025. If met, it would imply a huge 44% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to soar 72% to €3.82. Yet prior to the latest earnings, the analysts had been anticipated revenues of €913.7m and earnings per share (EPS) of €4.03 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.
Despite the cuts to forecast earnings, there was no real change to the €137 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. 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 BE Semiconductor Industries, with the most bullish analyst valuing it at €185 and the most bearish at €96.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that BE Semiconductor Industries' rate of growth is expected to accelerate meaningfully, with the forecast 34% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 9.6% p.a. 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 13% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect BE Semiconductor Industries to grow faster than the wider industry.