GVS S.p.A. (BIT:GVS) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year

There's been a notable change in appetite for GVS S.p.A. (BIT:GVS) shares in the week since its yearly report, with the stock down 13% to €6.05. The results were positive, with revenue coming in at €432m, beating analyst expectations by 2.0%. 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.

Check out our latest analysis for GVS

Following the latest results, GVS' three analysts are now forecasting revenues of €444.5m in 2024. This would be a satisfactory 2.8% improvement in revenue compared to the last 12 months. In the lead-up to this report, the analysts had been modelling revenues of €446.0m and earnings per share (EPS) of €0.24 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 €6.37, with GVS seemingly executing in line with expectations. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on GVS, with the most bullish analyst valuing it at €7.50 and the most bearish at €5.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. We would highlight that GVS' revenue growth is expected to slow, with the forecast 2.8% annualised growth rate until the end of 2024 being well below the historical 14% 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 5.5% per year. Factoring in the forecast slowdown in growth, it seems obvious that GVS is also expected to grow slower than other industry participants.

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. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse 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.

At least one of GVS' three analysts has provided estimates out to 2026, which can be seen for free on our platform here.

Plus, you should also learn about the 3 warning signs we've spotted with GVS (including 1 which makes us a bit uncomfortable) .

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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.