Analysts Have Made A Financial Statement On JOST Werke SE's (ETR:JST) Second-Quarter Report

It's been a good week for JOST Werke SE (ETR:JST) shareholders, because the company has just released its latest quarterly results, and the shares gained 8.8% to €41.85. It was a credible result overall, with revenues of €298m and statutory earnings per share of €0.97 both in line with analyst estimates, showing that JOST Werke is executing in line with 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

Check out our latest analysis for JOST Werke

Taking into account the latest results, JOST Werke's five analysts currently expect revenues in 2024 to be €1.19b, approximately in line with the last 12 months. Statutory earnings per share are predicted to shoot up 49% to €4.17. Before this earnings report, the analysts had been forecasting revenues of €1.20b and earnings per share (EPS) of €4.17 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.

There were no changes to revenue or earnings estimates or the price target of €64.54, suggesting that the company has met expectations in its recent result. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on JOST Werke, with the most bullish analyst valuing it at €86.00 and the most bearish at €48.70 per share. 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.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that JOST Werke's revenue growth is expected to slow, with the forecast 1.9% annualised growth rate until the end of 2024 being well below the historical 14% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.6% annually. Factoring in the forecast slowdown in growth, it seems obvious that JOST Werke is also expected to grow slower than other industry participants.

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. The consensus price target held steady at €64.54, 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 JOST Werke going out to 2026, and you can see them free on our platform here..

We don't want to rain on the parade too much, but we did also find 4 warning signs for JOST Werke that you need to be mindful 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.