Bike24 Holding AG (ETR:BIKE) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

The quarterly results for Bike24 Holding AG (ETR:BIKE) were released last week, making it a good time to revisit its performance. 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 gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for Bike24 Holding

After the latest results, the three analysts covering Bike24 Holding are now predicting revenues of €256.4m in 2024. If met, this would reflect a modest 7.0% improvement in revenue compared to the last 12 months. Yet prior to the latest earnings, the analysts had been forecasting revenues of €261.6m and losses of €0.072 per share in 2024. Overall, while there's been a small dip in revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important following the latest results.

We'd also point out that thatthe analysts have made no major changes to their price target of €3.27. 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 Bike24 Holding analyst has a price target of €3.50 per share, while the most pessimistic values it at €3.00. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Bike24 Holding'shistorical trends, as the 5.6% annualised revenue growth to the end of 2024 is roughly in line with the 5.3% annual growth over the past three years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 6.3% annually. So although Bike24 Holding is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

The Bottom Line

The clear low-light was that the analysts cut their forecast revenue estimates for Bike24 Holding next year. Sadly, they also downgraded their revenue forecasts, but the business is still expected to grow at roughly the same rate as the industry itself. Even so, earnings are more important to the intrinsic value of the business. 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.

At least one of Bike24 Holding's three analysts has provided estimates out to 2025, which can be seen for free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for Bike24 Holding you should be aware 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.