ATOSS Software AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

It's been a good week for ATOSS Software AG (ETR:AOF) shareholders, because the company has just released its latest first-quarter results, and the shares gained 4.4% to €179. It looks like a credible result overall - although revenues of €23m were in line with what the analysts predicted, ATOSS Software surprised by delivering a statutory profit of €0.52 per share, a notable 11% above expectations. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

See our latest analysis for ATOSS Software

Taking into account the latest results, the consensus forecast from ATOSS Software's three analysts is for revenues of €98.8m in 2021, which would reflect a decent 11% improvement in sales compared to the last 12 months. Statutory per share are forecast to be €2.31, approximately in line with the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of €98.8m and earnings per share (EPS) of €2.35 in 2021. 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.

There were no changes to revenue or earnings estimates or the price target of €207, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic ATOSS Software analyst has a price target of €220 per share, while the most pessimistic values it at €187. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We can infer from the latest estimates that forecasts expect a continuation of ATOSS Software'shistorical trends, as the 14% annualised revenue growth to the end of 2021 is roughly in line with the 13% annual revenue growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 7.3% per year. So although ATOSS Software is expected to maintain its revenue growth rate, it's definitely expected to grow faster than 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. Fortunately, they also reconfirmed their revenue numbers, suggesting sales are tracking in line with expectations - and our data suggests that revenues are expected to grow faster than the wider industry. The consensus price target held steady at €207, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple ATOSS Software analysts - going out to 2025, and you can see them free on our platform here.

Before you take the next step you should know about the 1 warning sign for ATOSS Software that we have uncovered.

If you’re looking to trade ATOSS Software, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Promoted

This article by Simply Wall St is general in nature. 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.
^*Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.