Delta Plus Group (EPA:ALDLT) Full-Year Results: Here's What Analysts Are Forecasting For This Year

It's been a good week for Delta Plus Group (EPA:ALDLT) shareholders, because the company has just released its latest yearly results, and the shares gained 9.9% to €82.00. It was an okay report, and revenues came in at €421m, approximately in line with analyst estimates leading up to the results announcement. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Delta Plus Group after the latest results.

View our latest analysis for Delta Plus Group

After the latest results, the three analysts covering Delta Plus Group are now predicting revenues of €429.6m in 2024. If met, this would reflect a modest 2.1% improvement in revenue compared to the last 12 months. Before this earnings report, the analysts had been forecasting revenues of €433.2m and earnings per share (EPS) of €5.62 in 2024. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

There's been no real change to the consensus price target of €92.63, with Delta Plus Group seemingly executing in line with expectations. 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 Delta Plus Group analyst has a price target of €96.90 per share, while the most pessimistic values it at €87.00. This is a very narrow spread of estimates, implying either that Delta Plus Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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. It's pretty clear that there is an expectation that Delta Plus Group's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 2.1% growth on an annualised basis. This is compared to a historical growth rate of 13% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 5.1% annually. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Delta Plus Group.

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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €92.63, with the latest estimates not enough to have an impact on their price targets.

At least one of Delta Plus Group's three analysts has provided estimates out to 2025, which can be seen for free on our platform here.

You still need to take note of risks, for example - Delta Plus Group has 1 warning sign we think you should be aware of.

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

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.