Accelleron Industries AG (VTX:ACLN) Just Reported Interim Earnings: Have Analysts Changed Their Mind On The Stock?

The half-year results for Accelleron Industries AG (VTX:ACLN) were released last week, making it a good time to revisit its performance. Revenues were US$449m, and Accelleron Industries came in a solid 16% ahead of expectations. 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. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Accelleron Industries

Following the latest results, Accelleron Industries' six analysts are now forecasting revenues of US$891.7m in 2023. This would be a modest 5.4% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to reduce 2.2% to US$1.07 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$865.4m and earnings per share (EPS) of US$1.23 in 2023. While next year's revenue estimates increased, there was also a real cut to EPS expectations, suggesting the consensus has a bit of a mixed view of these results.

The consensus price target was unchanged at CHF28.12, suggesting the business is performing roughly in line with expectations, despite some adjustments to profit and revenue forecasts. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Accelleron Industries analyst has a price target of CHF32.23 per share, while the most pessimistic values it at CHF24.67. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Accelleron Industries'historical trends, as the 11% annualised revenue growth to the end of 2023 is roughly in line with the 10% annual growth over the past year. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 4.7% annually. So it's pretty clear that Accelleron Industries is forecast to grow substantially faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Accelleron Industries. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at CHF28.12, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for Accelleron Industries going out to 2025, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 3 warning signs for Accelleron Industries that 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.