Analysts Have Made A Financial Statement On MFE-Mediaforeurope N.V.'s (BIT:MFEB) Second-Quarter Report

Shareholders of MFE-Mediaforeurope N.V. (BIT:MFEB) will be pleased this week, given that the stock price is up 12% to €4.31 following its latest second-quarter results. MFE-Mediaforeurope reported in line with analyst predictions, delivering revenues of €777m and statutory earnings per share of €0.37, 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for MFE-Mediaforeurope

Taking into account the latest results, MFE-Mediaforeurope's six analysts currently expect revenues in 2024 to be €2.97b, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €2.94b and earnings per share (EPS) of €0.53 in 2024. Overall, while the analysts have reconfirmed their revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important after these latest results.

There's been no real change to the consensus price target of €4.31, with MFE-Mediaforeurope seemingly executing in line with expectations. 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 MFE-Mediaforeurope analyst has a price target of €5.20 per share, while the most pessimistic values it at €2.90. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await MFE-Mediaforeurope shareholders.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. One thing stands out from these estimates, which is that MFE-Mediaforeurope is forecast to grow faster in the future than it has in the past, with revenues expected to display 3.9% annualised growth until the end of 2024. If achieved, this would be a much better result than the 0.2% annual decline over the past five years. Compare this against analyst estimates for the broader industry, which suggest that (in aggregate) industry revenues are expected to grow 2.0% annually. Not only are MFE-Mediaforeurope's revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry.

The Bottom Line

The clear take away from these updates is that the analysts made no change to their revenue estimates for next year, with the business apparently performing in line with their models. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at €4.31, with the latest estimates not enough to have an impact on their price targets.

At least one of MFE-Mediaforeurope's six analysts has provided estimates out to 2026, which can be seen for free on our platform here.

We don't want to rain on the parade too much, but we did also find 3 warning signs for MFE-Mediaforeurope that you need to be mindful of.

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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.