Here's What Analysts Are Forecasting For Partners Group Holding AG (VTX:PGHN) Following Its Earnings Miss

Partners Group Holding AG (VTX:PGHN) missed earnings with its latest interim results, disappointing overly-optimistic forecasters. Results look to have been somewhat negative - revenue fell 6.9% short of analyst estimates at CHF977m, and statutory earnings of CHF19.36 per share missed forecasts by 7.4%. 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. 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 Partners Group Holding

After the latest results, the 13 analysts covering Partners Group Holding are now predicting revenues of CHF2.13b in 2024. If met, this would reflect a solid 14% improvement in revenue compared to the last 12 months. Per-share earnings are expected to climb 13% to CHF41.53. Yet prior to the latest earnings, the analysts had been anticipated revenues of CHF2.26b and earnings per share (EPS) of CHF44.32 in 2024. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.

Despite the cuts to forecast earnings, there was no real change to the CHF1,281 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Partners Group Holding analyst has a price target of CHF1,650 per share, while the most pessimistic values it at CHF1,120. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Partners Group Holding's rate of growth is expected to accelerate meaningfully, with the forecast 30% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 6.7% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 6.1% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Partners Group Holding 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 Partners Group Holding. They also downgraded Partners Group Holding's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target held steady at CHF1,281, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Partners Group Holding going out to 2026, and you can see them free on our platform here..

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Partners Group Holding (at least 1 which is concerning) , and understanding these should be part of your investment process.

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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.