Analysts Are Updating Their EVS Broadcast Equipment SA (EBR:EVS) Estimates After Its Half-Year Results

Last week, you might have seen that EVS Broadcast Equipment SA (EBR:EVS) released its half-yearly result to the market. The early response was not positive, with shares down 5.8% to €34.95 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at €92m, statutory earnings were in line with expectations, at €3.02 per share. 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. 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 current consensus from EVS Broadcast Equipment's four analysts is for revenues of €199.9m in 2025. This would reflect an okay 4.3% increase on its revenue over the past 12 months. Statutory per share are forecast to be €2.58, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of €200.3m and earnings per share (EPS) of €2.80 in 2025. 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 EVS Broadcast Equipment

The consensus price target held steady at €44.25, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. The most optimistic EVS Broadcast Equipment analyst has a price target of €46.00 per share, while the most pessimistic values it at €40.00. This is a very narrow spread of estimates, implying either that EVS Broadcast Equipment is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that EVS Broadcast Equipment's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 8.7% growth on an annualised basis. This is compared to a historical growth rate of 15% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.1% annually. Even after the forecast slowdown in growth, it seems obvious that EVS Broadcast Equipment is also expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for EVS Broadcast Equipment going out to 2027, and you can see them free on our platform here..

You should always think about risks though. Case in point, we've spotted 1 warning sign for EVS Broadcast Equipment 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.