Eiffage SA (EPA:FGR) Just Released Its Half-Yearly Earnings: Here's What Analysts Think

The interim results for Eiffage SA (EPA:FGR) were released last week, making it a good time to revisit its performance. Results overall were respectable, with statutory earnings of €10.65 per share roughly in line with what the analysts had forecast. Revenues of €11b came in 3.5% ahead of analyst predictions. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Eiffage after the latest results.

Check out our latest analysis for Eiffage

Taking into account the latest results, Eiffage's 13 analysts currently expect revenues in 2024 to be €23.0b, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €22.9b and earnings per share (EPS) of €10.77 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.

There's been no real change to the consensus price target of €127, with Eiffage seemingly executing in line with expectations. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values Eiffage at €145 per share, while the most bearish prices it at €102. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that revenue is expected to reverse, with a forecast 1.3% annualised decline to the end of 2024. That is a notable change from historical growth of 6.1% 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 4.8% per year. It's pretty clear that Eiffage'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 reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Eiffage's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €127, with the latest estimates not enough to have an impact on their price targets.

At least one of Eiffage's 13 analysts has provided estimates out to 2026, which can be seen for free on our platform here.

However, before you get too enthused, we've discovered 2 warning signs for Eiffage that 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.