Aedas Homes, S.A. (BME:AEDAS) Just Released Its Full-Year Earnings: Here's What Analysts Think

Investors in Aedas Homes, S.A. (BME:AEDAS) had a good week, as its shares rose 5.8% to close at €14.20 following the release of its yearly results. Aedas Homes reported €920m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €2.42 beat expectations, being 2.3% higher than what the analysts expected. 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.

Check out our latest analysis for Aedas Homes

Taking into account the latest results, the current consensus from Aedas Homes' eight analysts is for revenues of €1.02b in 2024, which would reflect a meaningful 11% increase on its sales over the past 12 months. In the lead-up to this report, the analysts had been modelling revenues of €1.03b and earnings per share (EPS) of €2.74 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate, suggesting that the market believes revenue is more important after these latest results.

We'd also point out that thatthe analysts have made no major changes to their price target of €22.80. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Aedas Homes, with the most bullish analyst valuing it at €34.70 and the most bearish at €13.60 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

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 Aedas Homes' revenue growth is expected to slow, with the forecast 11% annualised growth rate until the end of 2024 being well below the historical 45% 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) 5.9% per year. So it's pretty clear that, while Aedas Homes' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. 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. 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.

We have estimates for Aedas Homes from its eight analysts out to 2026, and you can see them free on our platform here.

You still need to take note of risks, for example - Aedas Homes has 2 warning signs we think 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.