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

As you might know, Infrastrutture Wireless Italiane S.p.A. (BIT:INW) recently reported its half-year numbers. Infrastrutture Wireless Italiane reported €512m in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €0.095 beat expectations, being 3.3% higher than what the analysts expected. 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.

View our latest analysis for Infrastrutture Wireless Italiane

Taking into account the latest results, the most recent consensus for Infrastrutture Wireless Italiane from 18 analysts is for revenues of €1.05b in 2024. If met, it would imply a reasonable 4.5% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to rise 4.7% to €0.40. Before this earnings report, the analysts had been forecasting revenues of €1.05b and earnings per share (EPS) of €0.40 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.

The analysts reconfirmed their price target of €12.66, showing that the business is executing well and in line with expectations. 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. Currently, the most bullish analyst values Infrastrutture Wireless Italiane at €14.10 per share, while the most bearish prices it at €10.80. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Infrastrutture Wireless Italiane's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Infrastrutture Wireless Italiane's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 9.1% growth on an annualised basis. This is compared to a historical growth rate of 18% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.9% annually. Even after the forecast slowdown in growth, it seems obvious that Infrastrutture Wireless Italiane is also expected to grow faster than the wider industry.

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.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Infrastrutture Wireless Italiane going out to 2026, and you can see them free on our platform here..

You still need to take note of risks, for example - Infrastrutture Wireless Italiane has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

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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.