Analysts Have Been Trimming Their Delfingen Industry S.A. (EPA:ALDEL) Price Target After Its Latest Report

As you might know, Delfingen Industry S.A. (EPA:ALDEL) recently reported its annual numbers. It was an okay result overall, with revenues coming in at €457m, roughly what the analysts had been expecting. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

View our latest analysis for Delfingen Industry

Following the latest results, Delfingen Industry's dual analysts are now forecasting revenues of €473.0m in 2024. This would be a satisfactory 3.6% improvement in revenue compared to the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €476.0m and earnings per share (EPS) of €6.29 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.

The average price target fell 5.7% to €57.50, withthe analysts clearly having become less optimistic about Delfingen Industry'sprospects following its latest earnings.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's pretty clear that there is an expectation that Delfingen Industry's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 3.6% growth on an annualised basis. This is compared to a historical growth rate of 18% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 2.6% annually. So it's pretty clear that, while Delfingen Industry's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Delfingen Industry's future valuation.

We have estimates for Delfingen Industry from its dual analysts out to 2025, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for Delfingen Industry (1 is concerning!) that you need to take into consideration.

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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.