Earnings Update: Technip Energies N.V. (EPA:TE) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts

Technip Energies N.V. (EPA:TE) just released its half-year report and things are looking bullish. Results were good overall, with revenues beating analyst predictions by 2.1% to hit €3.2b. Statutory earnings per share (EPS) came in at €0.53, some 5.0% above whatthe analysts had expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Technip Energies after the latest results.

View our latest analysis for Technip Energies

After the latest results, the 13 analysts covering Technip Energies are now predicting revenues of €6.44b in 2024. If met, this would reflect an okay 3.6% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be €2.02, roughly flat on the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of €6.42b and earnings per share (EPS) of €2.03 in 2024. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

The analysts reconfirmed their price target of €26.50, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values Technip Energies at €32.13 per share, while the most bearish prices it at €15.50. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

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. For example, we noticed that Technip Energies' rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 7.3% growth to the end of 2024 on an annualised basis. That is well above its historical decline of 1.9% a year over the past three years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 4.4% per year. So it looks like Technip Energies is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Technip Energies analysts - going out to 2026, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 1 warning sign for Technip Energies that you need to be mindful 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.

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