Daimler Truck Holding AG Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Shareholders might have noticed that Daimler Truck Holding AG (ETR:DTG) filed its quarterly result this time last week. The early response was not positive, with shares down 4.4% to €28.45 in the past week. Daimler Truck Holding reported €14b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €1.13 beat expectations, being 7.6% higher than what the analysts expected. 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. 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 Daimler Truck Holding

Following last week's earnings report, Daimler Truck Holding's 14 analysts are forecasting 2024 revenues to be €55.0b, approximately in line with the last 12 months. Statutory earnings per share are predicted to swell 11% to €4.24. In the lead-up to this report, the analysts had been modelling revenues of €55.4b and earnings per share (EPS) of €4.27 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €43.91. 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 Daimler Truck Holding analyst has a price target of €58.00 per share, while the most pessimistic values it at €31.00. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 1.0% by the end of 2024. This indicates a significant reduction from annual growth of 5.9% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.4% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Daimler Truck Holding is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €43.91, 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 Daimler Truck Holding going out to 2025, and you can see them free on our platform here..

Before you take the next step you should know about the 2 warning signs for Daimler Truck Holding (1 doesn't sit too well with us!) that we have uncovered.

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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.