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The analysts covering Wallbox N.V. (NYSE:WBX) delivered a dose of negativity to shareholders today, by making a substantial revision to their statutory forecasts for this year. There was a fairly draconian cut to their revenue estimates, perhaps an implicit admission that previous forecasts were much too optimistic.
Following the downgrade, the most recent consensus for Wallbox from its three analysts is for revenues of €170m in 2025 which, if met, would be a modest 4.0% increase on its sales over the past 12 months. The loss per share is anticipated to greatly reduce in the near future, narrowing 67% to €0.17. Yet prior to the latest estimates, the analysts had been forecasting revenues of €207m and losses of €0.17 per share in 2025. So there's definitely been a change in sentiment in this update, with the analysts administering a substantial haircut to this year's revenue estimates, while at the same time holding losses per share steady.
Check out our latest analysis for Wallbox
the analysts have cut their price target 9.1% to US$1.25 per share, signalling that the declining revenue and ongoing losses are contributing to the lower valuation.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wallbox's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Wallbox's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 4.0% growth on an annualised basis. This is compared to a historical growth rate of 35% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 8.3% annually. Factoring in the forecast slowdown in growth, it seems obvious that Wallbox is also expected to grow slower than other industry participants.
The Bottom Line
Unfortunately analysts also downgraded their revenue estimates, and industry data suggests that Wallbox's revenues are expected to grow slower than the wider market. The consensus price target fell measurably, with analysts seemingly not reassured by recent business developments, leading to a lower estimate of Wallbox's future valuation. Overall, given the drastic downgrade to this year's forecasts, we'd be feeling a little more wary of Wallbox going forwards.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Wallbox going out to 2027, and you can see them free on our platform here.