Here's What Analysts Are Forecasting For FinecoBank Banca Fineco S.p.A. (BIT:FBK) After Its Half-Year Results

FinecoBank Banca Fineco S.p.A. (BIT:FBK) shareholders are probably feeling a little disappointed, since its shares fell 5.5% to €15.16 in the week after its latest half-yearly results. It was an okay result overall, with revenues coming in at €658m, roughly what the analysts had been expecting. 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. 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 FinecoBank Banca Fineco

Taking into account the latest results, FinecoBank Banca Fineco's twelve analysts currently expect revenues in 2024 to be €1.29b, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €1.27b and earnings per share (EPS) of €1.01 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.

There's been no real change to the consensus price target of €16.38, with FinecoBank Banca Fineco seemingly executing in line with expectations. 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. Currently, the most bullish analyst values FinecoBank Banca Fineco at €17.70 per share, while the most bearish prices it at €13.40. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the FinecoBank Banca Fineco's past performance and to peers in the same industry. We would highlight that revenue is expected to reverse, with a forecast 0.4% annualised decline to the end of 2024. That is a notable change from historical growth of 14% 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 1.2% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - FinecoBank Banca Fineco is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that the analysts reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that FinecoBank Banca Fineco's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €16.38, with the latest estimates not enough to have an impact on their price targets.

We have estimates for FinecoBank Banca Fineco from its twelve analysts 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 FinecoBank Banca Fineco 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