Antin Infrastructure Partners S.A. (EPA:ANTIN) Half-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a mediocre week for Antin Infrastructure Partners S.A. (EPA:ANTIN) shareholders, with the stock dropping 10% to €25.16 in the week since its latest half-year results. Antin Infrastructure Partners reported in line with analyst predictions, delivering revenues of €96m and statutory earnings per share of €0.20, suggesting the business is executing well and in line with its plan. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Antin Infrastructure Partners after the latest results.

See our latest analysis for Antin Infrastructure Partners

Taking into account the latest results, the consensus forecast from Antin Infrastructure Partners' five analysts is for revenues of €232.2m in 2022, which would reflect a substantial 21% improvement in sales compared to the last 12 months. Statutory earnings per share are expected to nosedive 76% to €0.037 in the same period. Before this earnings report, the analysts had been forecasting revenues of €237.5m and earnings per share (EPS) of €0.12 in 2022. The analysts seem less optimistic after the recent results, reducing their sales forecasts and making a large cut to earnings per share numbers.

The analysts made no major changes to their price target of €30.40, suggesting the downgrades are not expected to have a long-term impact on Antin Infrastructure Partners' valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Antin Infrastructure Partners analyst has a price target of €34.00 per share, while the most pessimistic values it at €28.50. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The analysts are definitely expecting Antin Infrastructure Partners' growth to accelerate, with the forecast 45% annualised growth to the end of 2022 ranking favourably alongside historical growth of 13% per annum over the past year. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue shrink 0.6% per year. It seems obvious that as part of the brighter growth outlook, Antin Infrastructure Partners is expected to grow faster than the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Antin Infrastructure Partners. Unfortunately, they also downgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. 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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Antin Infrastructure Partners going out to 2024, and you can see them free on our platform here..

Before you take the next step you should know about the 3 warning signs for Antin Infrastructure Partners that we have uncovered.

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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.