Italian Exhibition Group S.p.A. Just Recorded A 7.3% Revenue Beat: Here's What Analysts Think

It's been a good week for Italian Exhibition Group S.p.A. (BIT:IEG) shareholders, because the company has just released its latest first-quarter results, and the shares gained 9.4% to €8.60. Results overall were respectable, with statutory earnings of €1.05 per share roughly in line with what the analysts had forecast. Revenues of €103m came in 7.3% ahead of analyst predictions. 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.

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Taking into account the latest results, Italian Exhibition Group's three analysts currently expect revenues in 2025 to be €259.4m, approximately in line with the last 12 months. Statutory earnings per share are forecast to decrease 6.2% to €0.91 in the same period. In the lead-up to this report, the analysts had been modelling revenues of €259.3m and earnings per share (EPS) of €0.84 in 2025. The analysts seems to have become more bullish on the business, judging by their new earnings per share estimates.

View our latest analysis for Italian Exhibition Group

The consensus price target was unchanged at €9.50, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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 Italian Exhibition Group, with the most bullish analyst valuing it at €10.00 and the most bearish at €9.00 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Italian Exhibition Group 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 revenue is expected to reverse, with a forecast 2.2% annualised decline to the end of 2025. That is a notable change from historical growth of 25% 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 1.7% annually for the foreseeable future. It's pretty clear that Italian Exhibition Group's revenues are expected to perform substantially worse than the wider industry.

The Bottom Line

The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Italian Exhibition Group's earnings potential next year. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at €9.50, 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 Italian Exhibition Group. Long-term earnings power is much more important than next year's profits. We have forecasts for Italian Exhibition Group going out to 2027, and you can see them free on our platform here.

You can also see whether Italian Exhibition Group 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.