It's been a good week for Swissquote Group Holding Ltd (VTX:SQN) shareholders, because the company has just released its latest yearly results, and the shares gained 2.3% to CHF244. It was a pretty mixed result, with revenues beating expectations to hit CHF552m. Statutory earnings fell 2.1% short of analyst forecasts, reaching CHF14.55 per share. 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.
See our latest analysis for Swissquote Group Holding
Taking into account the latest results, the most recent consensus for Swissquote Group Holding from five analysts is for revenues of CHF611.4m in 2024. If met, it would imply a decent 11% increase on its revenue over the past 12 months. Per-share earnings are expected to shoot up 21% to CHF17.75. Yet prior to the latest earnings, the analysts had been anticipated revenues of CHF598.0m and earnings per share (EPS) of CHF17.63 in 2024. There doesn't appear to have been a major change in sentiment following the results, other than the slight bump in revenue estimates.
It may not be a surprise to see thatthe analysts have reconfirmed their price target of CHF245, implying that the uplift in revenue is not expected to greatly contribute to Swissquote Group Holding's valuation in the near term. 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. The most optimistic Swissquote Group Holding analyst has a price target of CHF270 per share, while the most pessimistic values it at CHF210. This is a very narrow spread of estimates, implying either that Swissquote Group Holding is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Swissquote Group Holding's past performance and to peers in the same industry. We would highlight that Swissquote Group Holding's revenue growth is expected to slow, with the forecast 11% annualised growth rate until the end of 2024 being well below the historical 18% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.5% annually. Even after the forecast slowdown in growth, it seems obvious that Swissquote Group Holding is also expected to grow faster than the wider industry.