Here's What Analysts Are Forecasting For Elica S.p.A. (BIT:ELC) After Its Half-Yearly Results

Elica S.p.A. (BIT:ELC) came out with its interim results last week, and we wanted to see how the business is performing and what industry forecasts think of the company following this report. Results were roughly in line with estimates, with revenues of €237m and statutory earnings per share of €0.16. The analyst 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. We thought readers would find it interesting to see the analyst latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Elica

Taking into account the latest results, Elica's single analyst currently expect revenues in 2024 to be €468.0m, approximately in line with the last 12 months. Before this earnings report, the analyst had been forecasting revenues of €469.2m and earnings per share (EPS) of €0.15 in 2024. Overall, while the analyst has 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.

We'd also point out that thatthe analyst has made no major changes to their price target of €2.17.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Elica's past performance and to peers in the same industry. It's clear from the latest estimates that Elica's rate of growth is expected to accelerate meaningfully, with the forecast 4.0% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 1.5% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 7.2% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Elica is expected to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that the analyst reconfirmed their revenue estimates for next year, suggesting that the business is performing in line with expectations. Fortunately, the analyst also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Elica's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €2.17, with the latest estimates not enough to have an impact on their price target.

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

We don't want to rain on the parade too much, but we did also find 2 warning signs for Elica that you need to be mindful 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.

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