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Hypoport SE (ETR:HYQ) just released its latest annual results and things are looking bullish. Performance was better than the analysts expected, with revenues of €561m coming in25% ahead of expectations, and statutory earnings per share (EPS) of €1.85 exceeding forecasts by 14%. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, Hypoport's six analysts currently expect revenues in 2025 to be €570.4m, approximately in line with the last 12 months. Statutory earnings per share are predicted to shoot up 93% to €3.58. Yet prior to the latest earnings, the analysts had been anticipated revenues of €552.7m and earnings per share (EPS) of €3.56 in 2025. There doesn't appear to have been a major change in sentiment following the results, other than the small increase to revenue estimates.
View our latest analysis for Hypoport
Even though revenue forecasts increased, there was no change to the consensus price target of €258, suggesting the analysts are focused on earnings as the driver of value creation. 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. The most optimistic Hypoport analyst has a price target of €318 per share, while the most pessimistic values it at €210. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Hypoport shareholders.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Hypoport's revenue growth is expected to slow, with the forecast 1.7% annualised growth rate until the end of 2025 being well below the historical 3.2% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 13% per year. Factoring in the forecast slowdown in growth, it seems obvious that Hypoport is also expected to grow slower than other industry participants.