Anima Holding S.p.A. (BIT:ANIM) Yearly Results: Here's What Analysts Are Forecasting For This Year

One of the biggest stories of last week was how Anima Holding S.p.A. (BIT:ANIM) shares plunged 23% in the week since its latest annual results, closing yesterday at €3.39. Overall the results were a little better than the analysts were expecting, with revenues beating forecasts by 2.6%to hit €475m. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

View our latest analysis for Anima Holding

After the latest results, the consensus from Anima Holding's seven analysts is for revenues of €396.8m in 2022, which would reflect an uncomfortable 16% decline in sales compared to the last year of performance. Statutory earnings per share are expected to nosedive 34% to €0.46 in the same period. In the lead-up to this report, the analysts had been modelling revenues of €393.2m and earnings per share (EPS) of €0.45 in 2022. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

There were no changes to revenue or earnings estimates or the price target of €5.51, suggesting that the company has met expectations in its recent result. 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 Anima Holding analyst has a price target of €6.10 per share, while the most pessimistic values it at €4.90. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Anima Holding is an easy business to forecast or the the analysts are all using similar assumptions.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We would highlight that sales are expected to reverse, with a forecast 16% annualised revenue decline to the end of 2022. That is a notable change from historical growth of 3.8% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue decline 1.8% annually for the foreseeable future. So it's pretty clear that Anima Holding's revenues are expected to shrink faster than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. They also made no changes to their revenue estimates, implying the business is not expected to experience any major impacts to the sales trajectory in the near term, even though sales are expected to trail the wider industry. The consensus price target held steady at €5.51, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have forecasts for Anima Holding going out to 2024, and you can see them free on our platform here.

Before you take the next step you should know about the 4 warning signs for Anima Holding (1 can't be ignored!) that we have uncovered.

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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.