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As you might know, Bechtle AG (ETR:BC8) recently reported its quarterly numbers. Statutory earnings per share fell badly short of expectations, coming in at €0.31, some 30% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at €1.5b. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
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Following the latest results, Bechtle's eleven analysts are now forecasting revenues of €6.41b in 2025. This would be a satisfactory 2.3% improvement in revenue compared to the last 12 months. Per-share earnings are expected to rise 7.4% to €1.93. In the lead-up to this report, the analysts had been modelling revenues of €6.43b and earnings per share (EPS) of €1.92 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
See our latest analysis for Bechtle
There were no changes to revenue or earnings estimates or the price target of €41.22, suggesting that the company has met expectations in its recent result. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Bechtle at €51.00 per share, while the most bearish prices it at €30.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.
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 pretty clear that there is an expectation that Bechtle's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 3.0% growth on an annualised basis. This is compared to a historical growth rate of 5.1% 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 6.3% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Bechtle.