CBo Territoria SA Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

As you might know, CBo Territoria SA (EPA:CBOT) last week released its latest full-year, and things did not turn out so great for shareholders. Results showed a clear earnings miss, with €85m revenue coming in 4.4% lower than what the analystexpected. Statutory earnings per share (EPS) of €0.39 missed the mark badly, arriving some 29% below what was expected. Following the result, the analyst has 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. With this in mind, we've gathered the latest statutory forecasts to see what the analyst is expecting for next year.

See our latest analysis for CBo Territoria

Following the recent earnings report, the consensus from solitary analyst covering CBo Territoria is for revenues of €81.0m in 2024. This implies a perceptible 4.6% decline in revenue compared to the last 12 months. Statutory earnings per share are predicted to jump 27% to €0.50. Yet prior to the latest earnings, the analyst had been anticipated revenues of €85.0m and earnings per share (EPS) of €0.60 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a real cut to earnings per share estimates.

The analyst made no major changes to their price target of €4.60, suggesting the downgrades are not expected to have a long-term impact on CBo Territoria's valuation.

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. Over the past five years, revenues have declined around 3.4% annually. Worse, forecasts are essentially predicting the decline to accelerate, with the estimate for an annualised 4.6% decline in revenue until the end of 2024. Compare this against analyst estimates for companies in the broader industry, which suggest that revenues (in aggregate) are expected to decline 1.3% annually. While this is interesting, CBo Territoria's, revenues are still expected to shrink next year, and at a faster rate than the wider industry.

The Bottom Line

The most important thing to take away is that the analyst downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Unfortunately they also cut their revenue estimates for next year. Forecasts imply the business' revenue is expected to perform worse than the wider industry. That said, earnings per share are more important for creating value for shareholders. 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 analyst estimates for CBo Territoria going out as far as 2025, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 1 warning sign for CBo Territoria 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.