Aktieselskabet Schouw & Co. (CPH:SCHO) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Aktieselskabet Schouw & Co. (CPH:SCHO) shareholders are probably feeling a little disappointed, since its shares fell 8.8% to kr.538 in the week after its latest annual results. Revenues of kr.37b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at kr.39.76, missing estimates by 2.4%. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Aktieselskabet Schouw

Taking into account the latest results, Aktieselskabet Schouw's dual analysts currently expect revenues in 2024 to be kr.36.9b, approximately in line with the last 12 months. Statutory earnings per share are predicted to step up 11% to kr.44.48. Yet prior to the latest earnings, the analysts had been anticipated revenues of kr.37.0b and earnings per share (EPS) of kr.51.08 in 2024. So there's definitely been a decline in sentiment after the latest results, noting the real cut to new EPS forecasts.

It might be a surprise to learn that the consensus price target was broadly unchanged at kr.675, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation.

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 would highlight that revenue is expected to reverse, with a forecast 0.9% annualised decline to the end of 2024. That is a notable change from historical growth of 15% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 3.8% per year. It's pretty clear that Aktieselskabet Schouw's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At least one analyst has provided forecasts out to 2026, which can be seen for free on our platform here.

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

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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.