Analysts Are Updating Their Cabka N.V. (AMS:CABKA) Estimates After Its Half-Yearly Results

Investors in Cabka N.V. (AMS:CABKA) had a good week, as its shares rose 9.5% to close at €8.10 following the release of its half-year results. Revenues were €104m, with Cabka reporting some 4.0% below analyst expectations. 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.

Check out our latest analysis for Cabka

Taking into account the latest results, the current consensus from Cabka's three analysts is for revenues of €223.5m in 2023. This would reflect an okay 5.5% increase on its revenue over the past 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €227.9m and earnings per share (EPS) of €0.22 in 2023. 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 €9.88, with Cabka 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 Cabka analyst has a price target of €10.30 per share, while the most pessimistic values it at €9.50. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Cabka's rate of growth is expected to accelerate meaningfully, with the forecast 11% annualised revenue growth to the end of 2023 noticeably faster than its historical growth of 8.0% over the past year. Compare this with other companies in the same industry, which are forecast to grow their revenue 2.4% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Cabka is expected to grow much faster than its 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. 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.

We have estimates for Cabka from its three analysts out to 2025, and you can see them free on our platform here.

It is also worth noting that we have found 1 warning sign for Cabka that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.