Here's What Analysts Are Forecasting For Intercos S.p.A. (BIT:ICOS) After Its Interim Results

Investors in Intercos S.p.A. (BIT:ICOS) had a good week, as its shares rose 2.6% to close at €12.00 following the release of its half-yearly results. Intercos reported in line with analyst predictions, delivering revenues of €525m and statutory earnings per share of €0.50, suggesting the business is executing well and in line with its plan. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Intercos after the latest results.

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Taking into account the latest results, Intercos' eight analysts currently expect revenues in 2025 to be €1.08b, approximately in line with the last 12 months. Statutory earnings per share are predicted to jump 25% to €0.61. Before this earnings report, the analysts had been forecasting revenues of €1.12b and earnings per share (EPS) of €0.67 in 2025. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.

Check out our latest analysis for Intercos

The analysts made no major changes to their price target of €17.05, suggesting the downgrades are not expected to have a long-term impact on Intercos' valuation. 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. The most optimistic Intercos analyst has a price target of €20.00 per share, while the most pessimistic values it at €14.00. As you can see, analysts are not all in agreement on the stock's future, but the range of estimates is still reasonably narrow, which could suggest that the outcome is not totally unpredictable.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 1.2% by the end of 2025. This indicates a significant reduction from annual growth of 13% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.3% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Intercos is expected to lag the wider industry.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at €17.05, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on Intercos. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Intercos analysts - going out to 2027, and you can see them free on our platform here.

You can also see whether Intercos is carrying too much debt, and whether its balance sheet is healthy, for free on our platform 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.