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It's been a good week for Vossloh AG (ETR:VOS) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.8% to €50.70. Results look mixed - while revenue fell marginally short of analyst estimates at €292m, statutory earnings were in line with expectations, at €2.21 per share. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Vossloh after the latest results.
View our latest analysis for Vossloh
Taking into account the latest results, the consensus forecast from Vossloh's eight analysts is for revenues of €1.22b in 2024. This reflects a reasonable 3.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 8.1% to €3.25. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.22b and earnings per share (EPS) of €2.85 in 2024. Although the revenue estimates have not really changed, we can see there's been a decent improvement in earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
There's been no major changes to the consensus price target of €55.10, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. 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. Currently, the most bullish analyst values Vossloh at €60.00 per share, while the most bearish prices it at €47.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
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. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 7.3% growth on an annualised basis. That is in line with its 7.4% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 4.7% per year. So it's pretty clear that Vossloh is forecast to grow substantially faster than its industry.