Daimler Truck Holding AG (ETR:DTG) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Shareholders might have noticed that Daimler Truck Holding AG (ETR:DTG) filed its first-quarter result this time last week. The early response was not positive, with shares down 3.1% to €40.98 in the past week. Daimler Truck Holding beat revenue expectations by 2.9%, at €13b. Statutory earnings per share (EPS) came in at €1.00, some 2.4% short of analyst estimates. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Daimler Truck Holding

Taking into account the latest results, the current consensus, from the 17 analysts covering Daimler Truck Holding, is for revenues of €54.0b in 2024. This implies a noticeable 3.4% reduction in Daimler Truck Holding's revenue over the past 12 months. Statutory earnings per share are expected to shrink 4.4% to €4.57 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of €54.7b and earnings per share (EPS) of €4.61 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.

The analysts reconfirmed their price target of €52.85, showing that the business is executing well and in line with expectations. 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. Currently, the most bullish analyst values Daimler Truck Holding at €63.00 per share, while the most bearish prices it at €35.00. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Daimler Truck Holding's past performance and to peers in the same industry. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 4.6% by the end of 2024. This indicates a significant reduction from annual growth of 4.4% over the last year. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 4.3% per year. It's pretty clear that Daimler Truck Holding's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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 Daimler Truck Holding going out to 2026, 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 is a bit unpleasant!) 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.