Analysts Have Made A Financial Statement On Euronext N.V.'s (EPA:ENX) Third-Quarter Report

Shareholders might have noticed that Euronext N.V. (EPA:ENX) filed its quarterly result this time last week. The early response was not positive, with shares down 2.1% to €99.85 in the past week. Euronext reported €396m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €1.53 beat expectations, being 3.1% higher than what the analysts expected. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for Euronext

Following the latest results, Euronext's 16 analysts are now forecasting revenues of €1.69b in 2025. This would be an okay 6.4% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 9.2% to €6.02. In the lead-up to this report, the analysts had been modelling revenues of €1.69b and earnings per share (EPS) of €6.05 in 2025. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

The analysts reconfirmed their price target of €109, showing that the business is executing well and in line with expectations. 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 Euronext analyst has a price target of €125 per share, while the most pessimistic values it at €88.00. 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. It's pretty clear that there is an expectation that Euronext's revenue growth will slow down substantially, with revenues to the end of 2025 expected to display 5.1% growth on an annualised basis. This is compared to a historical growth rate of 16% over the past five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 3.1% annually. Factoring in the forecast slowdown in growth, it's pretty clear that Euronext is still expected to grow faster than the wider industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, they made no changes to their revenue estimates - and they expect it to perform better 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Euronext going out to 2026, and you can see them free on our platform here.

You can also view our analysis of Euronext's balance sheet, and whether we think Euronext is carrying too much debt, for free on our platform here.

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.