Komercní banka, a.s. Just Missed EPS By 62%: Here's What Analysts Think Will Happen Next

Last week, you might have seen that Komercní banka, a.s. (SEP:KOMB) released its interim result to the market. The early response was not positive, with shares down 2.8% to Kč777 in the past week. Statutory earnings per share fell badly short of expectations, coming in at Kč7.80, some 62% below analyst forecasts, although revenues were okay, approximately in line with analyst estimates at Kč18b. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

View our latest analysis for Komercní banka

After the latest results, the ten analysts covering Komercní banka are now predicting revenues of Kč37.4b in 2024. If met, this would reflect a decent 9.5% improvement in revenue compared to the last 12 months. Before this earnings report, the analysts had been forecasting revenues of Kč37.5b and earnings per share (EPS) of Kč81.62 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.

We'd also point out that thatthe analysts have made no major changes to their price target of Kč893. 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. Currently, the most bullish analyst values Komercní banka at Kč1,066 per share, while the most bearish prices it at Kč750. 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.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Komercní banka's growth to accelerate, with the forecast 20% annualised growth to the end of 2024 ranking favourably alongside historical growth of 4.6% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 3.0% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Komercní banka to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. Happily, there were no major changes to revenue forecasts, with the business still 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.

At least one of Komercní banka's ten analysts has provided estimates out to 2026, which can be seen for free on our platform here.

Even so, be aware that Komercní banka is showing 1 warning sign in our investment analysis , you should know about...

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com