Industrie De Nora S.p.A. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Investors in Industrie De Nora S.p.A. (BIT:DNR) had a good week, as its shares rose 4.8% to close at €7.66 following the release of its third-quarter results. It looks like a credible result overall - although revenues of €216m were what the analysts expected, Industrie De Nora surprised by delivering a (statutory) profit of €0.12 per share, an impressive 22% above what was forecast. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Industrie De Nora after the latest results.

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Taking into account the latest results, the current consensus, from the four analysts covering Industrie De Nora, is for revenues of €842.2m in 2026. This implies a small 7.3% reduction in Industrie De Nora's revenue over the past 12 months. Statutory earnings per share are expected to dive 24% to €0.35 in the same period. Before this earnings report, the analysts had been forecasting revenues of €859.0m and earnings per share (EPS) of €0.36 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a small dip in their earnings per share forecasts.

View our latest analysis for Industrie De Nora

It might be a surprise to learn that the consensus price target was broadly unchanged at €10.24, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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 €15.10 per share, while the most bearish prices it at €6.20. Note the wide gap in analyst price targets? This implies to us that there is a fairly broad range of possible scenarios for the underlying business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that revenue is expected to reverse, with a forecast 5.9% annualised decline to the end of 2026. That is a notable change from historical growth of 7.9% 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 5.4% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Industrie De Nora is expected to lag the wider industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Industrie De Nora. 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 €10.24, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Industrie De Nora analysts - going out to 2027, and you can see them free on our platform here.

Plus, you should also learn about the 2 warning signs we've spotted with Industrie De Nora (including 1 which can't be ignored) .

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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.