Industrie De Nora S.p.A. (BIT:DNR) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Last week, you might have seen that Industrie De Nora S.p.A. (BIT:DNR) released its second-quarter result to the market. The early response was not positive, with shares down 7.2% to €10.22 in the past week. Revenues were €211m, with Industrie De Nora reporting some 2.2% below analyst expectations. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for Industrie De Nora

Taking into account the latest results, the consensus forecast from Industrie De Nora's five analysts is for revenues of €880.6m in 2024. This reflects a satisfactory 4.1% improvement in revenue compared to the last 12 months. Before this earnings report, the analysts had been forecasting revenues of €890.7m and earnings per share (EPS) of €0.39 in 2024. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

There's been no real change to the consensus price target of €16.08, with Industrie De Nora seemingly executing in line with expectations. 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. Currently, the most bullish analyst values Industrie De Nora at €20.50 per share, while the most bearish prices it at €13.50. 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 Industrie De Nora shareholders.

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. One thing stands out from these estimates, which is that Industrie De Nora is forecast to grow faster in the future than it has in the past, with revenues expected to display 8.3% annualised growth until the end of 2024. If achieved, this would be a much better result than the 2.4% annual decline over the past year. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 4.9% annually. Not only are Industrie De Nora's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than 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, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target held steady at €16.08, with the latest estimates not enough to have an impact on their price targets.

We have estimates for Industrie De Nora from its five analysts out to 2026, and you can see them free on our platform here.

However, before you get too enthused, we've discovered 3 warning signs for Industrie De Nora (2 shouldn't be ignored!) that 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com