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It's been a good week for Nemetschek SE (ETR:NEM) shareholders, because the company has just released its latest quarterly results, and the shares gained 8.3% to €122. It was a workmanlike result, with revenues of €283m coming in 2.0% ahead of expectations, and statutory earnings per share of €0.39, in line with analyst appraisals. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Following the latest results, Nemetschek's 19 analysts are now forecasting revenues of €1.17b in 2025. This would be a notable 11% improvement in revenue compared to the last 12 months. Per-share earnings are expected to swell 19% to €1.83. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.17b and earnings per share (EPS) of €1.81 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.
View our latest analysis for Nemetschek
It will come as no surprise then, to learn that the consensus price target is largely unchanged at €113. 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 Nemetschek at €140 per share, while the most bearish prices it at €77.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Nemetschek's past performance and to peers in the same industry. The analysts are definitely expecting Nemetschek's growth to accelerate, with the forecast 15% annualised growth to the end of 2025 ranking favourably alongside historical growth of 12% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Nemetschek to grow faster than the wider industry.