Symrise AG (ETR:SY1) Interim Results: Here's What Analysts Are Forecasting For This Year

Last week, you might have seen that Symrise AG (ETR:SY1) released its half-yearly result to the market. The early response was not positive, with shares down 3.0% to €111 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at €2.6b, statutory earnings were in line with expectations, at €2.44 per share. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Symrise after the latest results.

Check out our latest analysis for Symrise

Taking into account the latest results, the most recent consensus for Symrise from 18 analysts is for revenues of €4.99b in 2024. If met, it would imply a credible 2.2% increase on its revenue over the past 12 months. Per-share earnings are expected to swell 17% to €3.28. Yet prior to the latest earnings, the analysts had been anticipated revenues of €5.01b and earnings per share (EPS) of €3.29 in 2024. 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €118. 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 Symrise analyst has a price target of €135 per share, while the most pessimistic values it at €90.00. 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.

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. We would highlight that Symrise's revenue growth is expected to slow, with the forecast 4.5% annualised growth rate until the end of 2024 being well below the historical 9.1% 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) 4.6% annually. Factoring in the forecast slowdown in growth, it looks like Symrise 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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.

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. We have forecasts for Symrise going out to 2026, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Symrise .

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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.

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