Moncler S.p.A. (BIT:MONC) Just Reported And Analysts Have Been Lifting Their Price Targets

Investors in Moncler S.p.A. (BIT:MONC) had a good week, as its shares rose 5.2% to close at €67.46 following the release of its full-year results. It was an okay report, and revenues came in at €3.0b, approximately in line with analyst estimates leading up to the results announcement. Following the result, the analysts have 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. 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 23 analysts is for revenues of €3.22b in 2024. This reflects a reasonable 8.0% improvement in revenue compared to the last 12 months. Before this earnings report, the analysts had been forecasting revenues of €3.16b and earnings per share (EPS) of €2.36 in 2024. So we can see that while the consensus made no real change to its revenue estimates, it also no longer provides an earnings per share estimate. This suggests that revenues are what the market is focusing on after the latest results.

Additionally, the consensus price target for Moncler rose 6.3% to €65.74, showing a clear increase in optimism from the the analysts involved. 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. The most optimistic Moncler analyst has a price target of €76.00 per share, while the most pessimistic values it at €47.50. 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.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Moncler's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Moncler's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 8.0% growth on an annualised basis. This is compared to a historical growth rate of 17% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 8.0% annually. Factoring in the forecast slowdown in growth, it looks like Moncler is forecast to grow at about the same rate as the wider industry.

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. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was also a nice increase in the price target, with the analysts clearly feeling that the intrinsic value of the business is improving.

We have estimates for Moncler from its 23 analysts out to 2026, and you can see them free on our platform here.

You can also see our analysis of Moncler's Board and CEO remuneration and experience, and whether company insiders have been buying stock.

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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.