Analysts Are Updating Their Infrastrutture Wireless Italiane S.p.A. (BIT:INW) Estimates After Its Yearly Results

The full-year results for Infrastrutture Wireless Italiane S.p.A. (BIT:INW) were released last week, making it a good time to revisit its performance. Results were roughly in line with estimates, with revenues of €960m and statutory earnings per share of €0.35. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

Check out our latest analysis for Infrastrutture Wireless Italiane

Taking into account the latest results, the most recent consensus for Infrastrutture Wireless Italiane from 16 analysts is for revenues of €1.06b in 2024. If met, it would imply a meaningful 10.0% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 16% to €0.42. In the lead-up to this report, the analysts had been modelling revenues of €1.06b and earnings per share (EPS) of €0.42 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of €13.24, suggesting that the company has met expectations in its recent result. 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 Infrastrutture Wireless Italiane analyst has a price target of €16.00 per share, while the most pessimistic values it at €10.90. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.

Of course, another way to look at these forecasts is to place them into context against the industry itself. We would highlight that Infrastrutture Wireless Italiane's revenue growth is expected to slow, with the forecast 10.0% annualised growth rate until the end of 2024 being well below the historical 20% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.1% annually. So it's pretty clear that, while Infrastrutture Wireless Italiane's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

With that in mind, we wouldn't be too quick to come to a conclusion on Infrastrutture Wireless Italiane. Long-term earnings power is much more important than next year's profits. We have forecasts for Infrastrutture Wireless Italiane going out to 2026, and you can see them free on our platform here.

It is also worth noting that we have found 2 warning signs for Infrastrutture Wireless Italiane that you need to take into consideration.

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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.