In This Article:
As you might know, Berentzen-Gruppe Aktiengesellschaft (ETR:BEZ) recently reported its interim numbers. Revenues came in 4.3% below expectations, at €88m. Statutory earnings per share were relatively better off, with a per-share profit of €0.092 being roughly in line with analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.
Check out our latest analysis for Berentzen-Gruppe
Following the latest results, Berentzen-Gruppe's twin analysts are now forecasting revenues of €190.0m in 2024. This would be a credible 2.9% improvement in revenue compared to the last 12 months. Losses are predicted to fall substantially, shrinking 66% to €0.10. Before this earnings announcement, the analysts had been modelling revenues of €192.0m and losses of €0.05 per share in 2024. While this year's revenue estimates held steady, there was also a sizeable expansion in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.
With the increase in forecast losses for next year, it's perhaps no surprise to see that the average price target dipped 9.5% to €9.50, with the analysts signalling that growing losses would be a definite concern.
Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Berentzen-Gruppe's rate of growth is expected to accelerate meaningfully, with the forecast 5.9% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 3.4% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 4.6% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Berentzen-Gruppe is expected to grow much faster than its industry.
The Bottom Line
The most important thing to take away is that the analysts increased their loss per share estimates for next year. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.