Results: Wienerberger AG Beat Earnings Expectations And Analysts Now Have New Forecasts

Investors in Wienerberger AG (VIE:WIE) had a good week, as its shares rose 5.9% to close at €26.40 following the release of its third-quarter results. It looks like a credible result overall - although revenues of €1.2b were what the analysts expected, Wienerberger surprised by delivering a (statutory) profit of €0.59 per share, an impressive 34% above what was forecast. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

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Taking into account the latest results, the most recent consensus for Wienerberger from six analysts is for revenues of €4.83b in 2026. If met, it would imply a credible 4.1% increase on its revenue over the past 12 months. Per-share earnings are expected to soar 36% to €2.56. In the lead-up to this report, the analysts had been modelling revenues of €4.85b and earnings per share (EPS) of €2.79 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

View our latest analysis for Wienerberger

The consensus price target held steady at €32.67, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values Wienerberger at €35.70 per share, while the most bearish prices it at €24.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Wienerberger's past performance and to peers in the same industry. We would highlight that Wienerberger's revenue growth is expected to slow, with the forecast 3.3% annualised growth rate until the end of 2026 being well below the historical 5.2% 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 1.1% annually. Even after the forecast slowdown in growth, it seems obvious that Wienerberger is also expected to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Wienerberger. 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. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Wienerberger. Long-term earnings power is much more important than next year's profits. We have forecasts for Wienerberger going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - Wienerberger has 1 warning sign we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.