€2.97 - That's What Analysts Think Arnoldo Mondadori Editore S.p.A. (BIT:MN) Is Worth After These Results

Last week saw the newest full-year earnings release from Arnoldo Mondadori Editore S.p.A. (BIT:MN), an important milestone in the company's journey to build a stronger business. It was an okay report, and revenues came in at €905m, approximately in line with analyst estimates leading up to the results announcement. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Arnoldo Mondadori Editore

Taking into account the latest results, the most recent consensus for Arnoldo Mondadori Editore from five analysts is for revenues of €930.5m in 2024. If met, it would imply a modest 2.8% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €946.1m and earnings per share (EPS) of €0.25 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 Arnoldo Mondadori Editore rose 5.1% to €2.97, showing a clear increase in optimism from the the analysts involved. 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. There are some variant perceptions on Arnoldo Mondadori Editore, with the most bullish analyst valuing it at €3.25 and the most bearish at €2.80 per share. This is a very narrow spread of estimates, implying either that Arnoldo Mondadori Editore is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's clear from the latest estimates that Arnoldo Mondadori Editore's rate of growth is expected to accelerate meaningfully, with the forecast 2.8% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 0.9% p.a. over the past five years. Other similar companies in the industry (with analyst coverage) are also forecast to grow their revenue at 2.6% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Arnoldo Mondadori Editore is expected to grow at about the same rate as 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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. We note an upgrade to the price target, suggesting that the analysts believes the intrinsic value of the business is likely to improve over time.

We have estimates for Arnoldo Mondadori Editore from its five analysts out to 2026, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Arnoldo Mondadori Editore .

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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.