Analysts Have Made A Financial Statement On FinecoBank Banca Fineco S.p.A.'s (BIT:FBK) Yearly Report

FinecoBank Banca Fineco S.p.A. (BIT:FBK) came out with its yearly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It was an okay report, and revenues came in at €1.2b, approximately in line with analyst estimates leading up to the results announcement. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

View our latest analysis for FinecoBank Banca Fineco

Following last week's earnings report, FinecoBank Banca Fineco's twelve analysts are forecasting 2024 revenues to be €1.23b, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of €1.24b and earnings per share (EPS) of €0.96 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.

We'd also point out that thatthe analysts have made no major changes to their price target of €14.49. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on FinecoBank Banca Fineco, with the most bullish analyst valuing it at €17.00 and the most bearish at €12.20 per share. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await FinecoBank Banca Fineco shareholders.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that revenue is expected to reverse, with a forecast 0.3% annualised decline to the end of 2024. That is a notable change from historical growth of 13% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 0.9% per year. It's pretty clear that FinecoBank Banca Fineco's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €14.49, with the latest estimates not enough to have an impact on their price targets.

At least one of FinecoBank Banca Fineco's twelve analysts has provided estimates out to 2026, which can be seen for free on our platform here.

It is also worth noting that we have found 2 warning signs for FinecoBank Banca Fineco (1 shouldn't be ignored!) that you need to take into consideration.

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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.