Moncler S.p.A. (BIT:MONC) Just Released Its Yearly Earnings: Here's What Analysts Think

Last week saw the newest yearly earnings release from Moncler S.p.A. (BIT:MONC), an important milestone in the company's journey to build a stronger business. The result was positive overall - although revenues of €3.0b were in line with what the analysts predicted, Moncler surprised by delivering a statutory profit of €2.26 per share, modestly greater than expected. 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.

View our latest analysis for Moncler

Taking into account the latest results, the consensus forecast from Moncler's 21 analysts is for revenues of €3.22b in 2024. This reflects an okay 7.8% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to increase 6.9% to €2.42. In the lead-up to this report, the analysts had been modelling revenues of €3.20b and earnings per share (EPS) of €2.40 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of €69.82, suggesting that the company has met expectations in its recent result. 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. There are some variant perceptions on Moncler, with the most bullish analyst valuing it at €81.00 and the most bearish at €47.50 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 Moncler's revenue growth is expected to slow, with the forecast 7.8% annualised growth rate until the end of 2024 being well below the historical 17% p.a. growth over the last five years. Compare this to the 21 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 8.3% per year. So it's pretty clear that, while Moncler's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Moncler going out to 2026, and you can see them free on our platform here..

We also provide an overview of the Moncler Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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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.