Analysts Are Upgrading Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) After Its Latest Results

Shareholders might have noticed that Motor Oil (Hellas) Corinth Refineries S.A. (ATH:MOH) filed its second-quarter result this time last week. The early response was not positive, with shares down 4.6% to €25.18 in the past week. It was a credible result overall, with revenues of €2.6b and statutory earnings per share of €2.62 both in line with analyst estimates, showing that Motor Oil (Hellas) Corinth Refineries is executing in line with expectations. 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 Motor Oil (Hellas) Corinth Refineries after the latest results.

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After the latest results, the consensus from Motor Oil (Hellas) Corinth Refineries' six analysts is for revenues of €10.9b in 2025, which would reflect a noticeable 2.5% decline in revenue compared to the last year of performance. Per-share earnings are expected to surge 460% to €4.47. Before this earnings report, the analysts had been forecasting revenues of €10.4b and earnings per share (EPS) of €2.82 in 2025. There's been a pretty noticeable increase in sentiment, with the analysts upgrading revenues and making a very substantial lift in earnings per share in particular.

See our latest analysis for Motor Oil (Hellas) Corinth Refineries

Despite these upgrades,the analysts have not made any major changes to their price target of €26.67, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth. 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 Motor Oil (Hellas) Corinth Refineries analyst has a price target of €31.70 per share, while the most pessimistic values it at €22.60. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that revenue is expected to reverse, with a forecast 4.9% annualised decline to the end of 2025. That is a notable change from historical growth of 11% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 11% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Motor Oil (Hellas) Corinth Refineries is expected to lag the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Motor Oil (Hellas) Corinth Refineries' earnings potential next year. They also upgraded their revenue estimates for next year, even though it is expected to grow slower than the wider industry. The consensus price target held steady at €26.67, with the latest estimates not enough to have an impact on their price targets.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have forecasts for Motor Oil (Hellas) Corinth Refineries going out to 2027, 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 4 warning signs for Motor Oil (Hellas) Corinth Refineries (2 can't be ignored!) 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.