Analysts’ Current Forecasts: What You Need to Know

EDAG Engineering Group AG (ETR:ED4) recently released its full-year results, showcasing a mixed performance that has left analysts with varying opinions on the company’s future. While revenues surpassed expectations, reaching €874m, statutory earnings fell short by 5.5%, coming in at €1.16 per share.

Following the report, analysts have updated their forecasts for the company, with the consensus predicting revenues of €896.6m in 2024, reflecting a 2.6% increase from the previous year. Statutory earnings per share are expected to grow by 10% to €1.28. However, analysts have slightly downgraded their earnings per share estimates for next year, indicating a more negative outlook on the business.

Despite the decline in earnings forecasts, the consensus price target for EDAG Engineering Group remains unchanged at €14.50. Analysts seem confident in their valuations, with a narrow range of estimates suggesting a level of consensus on the company’s future performance.

Looking ahead, analysts anticipate accelerated growth for EDAG Engineering Group, with a forecasted annualized growth rate of 2.6% until 2024. While this growth is positive, it lags behind the wider industry, which is expected to see a 5.1% annual revenue growth rate.

Overall, the recent earnings report has led to a decline in sentiment among analysts, with a clear downgrade in earnings forecasts. However, the company’s long-term trajectory remains a key focus for investors, with analysts closely monitoring future performance.