Deutsche Börse AG (ETR:DB1) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Last week saw the newest first-quarter earnings release from Deutsche Börse AG (ETR:DB1), an important milestone in the company's journey to build a stronger business. Results look mixed - while revenue fell marginally short of analyst estimates at €1.5b, statutory earnings were in line with expectations, at €2.86 per share. 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 thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

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Following the latest results, Deutsche Börse's twelve analysts are now forecasting revenues of €6.09b in 2025. This would be a reasonable 2.2% improvement in revenue compared to the last 12 months. Per-share earnings are expected to increase 3.0% to €11.07. Yet prior to the latest earnings, the analysts had been anticipated revenues of €6.08b and earnings per share (EPS) of €11.08 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for Deutsche Börse

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €271. 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. The most optimistic Deutsche Börse analyst has a price target of €320 per share, while the most pessimistic values it at €220. 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.

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 Deutsche Börse's revenue growth is expected to slow, with the forecast 3.0% annualised growth rate until the end of 2025 being well below the historical 13% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 3.3% annually. Factoring in the forecast slowdown in growth, it looks like Deutsche Börse is forecast to grow at about the same rate as 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. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at €271, 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 Deutsche Börse going out to 2027, and you can see them free on our platform here..

It might also be worth considering whether Deutsche Börse's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.

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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.