Glenveagh Properties PLC (ISE:GVR) Just Released Its Yearly Results And Analysts Are Updating Their Estimates

Last week saw the newest annual earnings release from Glenveagh Properties PLC (ISE:GVR), an important milestone in the company's journey to build a stronger business. Glenveagh Properties reported in line with analyst predictions, delivering revenues of €869m and statutory earnings per share of €0.17, suggesting the business is executing well and in line with its plan. 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. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

View our latest analysis for Glenveagh Properties

Taking into account the latest results, the most recent consensus for Glenveagh Properties from four analysts is for revenues of €998.5m in 2025. If met, it would imply a notable 15% increase on its revenue over the past 12 months. Per-share earnings are expected to rise 9.9% to €0.19. Before this earnings report, the analysts had been forecasting revenues of €998.4m and earnings per share (EPS) of €0.19 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.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €2.03. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. There are some variant perceptions on Glenveagh Properties, with the most bullish analyst valuing it at €2.06 and the most bearish at €1.98 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Glenveagh Properties is an easy business to forecast or the the analysts are all using similar assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Glenveagh Properties' past performance and to peers in the same industry. We would highlight that Glenveagh Properties' revenue growth is expected to slow, with the forecast 15% annualised growth rate until the end of 2025 being well below the historical 22% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 6.3% annually. So it's pretty clear that, while Glenveagh Properties' revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

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 Glenveagh Properties analysts - going out to 2027, and you can see them free on our platform here.

Even so, be aware that Glenveagh Properties is showing 1 warning sign in our investment analysis , you should know about...

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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.