€3.80 - That's What Analysts Think Fiera Milano SpA (BIT:FM) Is Worth After These Results

It's been a good week for Fiera Milano SpA (BIT:FM) shareholders, because the company has just released its latest full-year results, and the shares gained 6.7% to €3.42. Overall the results were a little better than the analyst was expecting, with revenues beating forecasts by 2.5%to hit €284m. Following the result, the analyst has updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. With this in mind, we've gathered the latest statutory forecasts to see what the analyst is expecting for next year.

View our latest analysis for Fiera Milano

Taking into account the latest results, the current consensus, from the single analyst covering Fiera Milano, is for revenues of €253.0m in 2024. This implies an uneasy 11% reduction in Fiera Milano's revenue over the past 12 months. In the lead-up to this report, the analyst had been modelling revenues of €248.0m and earnings per share (EPS) of €0.095 in 2024. What's really interesting is that while the consensus made a modest lift to revenue estimates, it no longer provides an earnings per share estimate. This suggests that revenues are now the focus of the business after this latest result.

The average price target rose 8.6% to €3.80, with the analyst clearly having become more optimistic about Fiera Milano'sprospects following these results.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that revenue is expected to reverse, with a forecast 11% annualised decline to the end of 2024. That is a notable change from historical growth of 0.5% 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 2.0% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Fiera Milano is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that the analyst upgraded their revenue estimates for next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was also a nice increase in the price target, with the analyst clearly feeling that the intrinsic value of the business is improving.

We have estimates for Fiera Milano from one covering analyst, and you can see them free on our platform here.

It is also worth noting that we have found 3 warning signs for Fiera Milano (1 doesn't sit too well with us!) that you need to take into consideration.

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

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.