De'Longhi S.p.A. (BIT:DLG) Analysts Are Pretty Bullish On The Stock After Recent Results

Investors in De'Longhi S.p.A. (BIT:DLG) had a good week, as its shares rose 7.4% to close at €33.20 following the release of its annual results. It was an okay result overall, with revenues coming in at €3.1b, 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. 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 De'Longhi

Taking into account the latest results, the most recent consensus for De'Longhi from seven analysts is for revenues of €3.39b in 2024. If met, it would imply a solid 10% increase on its revenue over the past 12 months. Before this earnings report, the analysts had been forecasting revenues of €3.28b and earnings per share (EPS) of €1.87 in 2024. The thing that stands out most is that, while there's been a small lift in revenue estimates, the consensus no longer provides an EPS estimate. This impliesthat revenue is more important following the latest results.

Additionally, the consensus price target for De'Longhi rose 5.5% to €35.90, showing a clear increase in optimism from the the analysts involved. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic De'Longhi analyst has a price target of €39.00 per share, while the most pessimistic values it at €33.30. This is a very narrow spread of estimates, implying either that De'Longhi is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

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. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 10% growth on an annualised basis. That is in line with its 11% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 5.3% annually. So it's pretty clear that De'Longhi is forecast to grow substantially faster than its industry.

The Bottom Line

The most important thing to take away is that the analysts upgraded their revenue estimates for next year. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

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

It is also worth noting that we have found 1 warning sign for De'Longhi that you need to take into consideration.

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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.