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Investors in Hannover Rück SE (ETR:HNR1) had a good week, as its shares rose 2.6% to close at €274 following the release of its full-year results. Results were roughly in line with estimates, with revenues of €26b and statutory earnings per share of €19.31. 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. 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 Hannover Rück
Taking into account the latest results, the current consensus from Hannover Rück's twelve analysts is for revenues of €28.0b in 2025. This would reflect a satisfactory 5.9% increase on its revenue over the past 12 months. Per-share earnings are expected to increase 8.0% to €20.85. Before this earnings report, the analysts had been forecasting revenues of €27.6b and earnings per share (EPS) of €20.78 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.
The analysts reconfirmed their price target of €274, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Hannover Rück, with the most bullish analyst valuing it at €320 and the most bearish at €185 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Hannover Rück's past performance and to peers in the same industry. The analysts are definitely expecting Hannover Rück's growth to accelerate, with the forecast 5.9% annualised growth to the end of 2025 ranking favourably alongside historical growth of 3.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 7.1% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, Hannover Rück is expected to grow slower than the wider industry.