Analysts Have Made A Financial Statement On FL Entertainment N.V.'s (AMS:FLE) Yearly Report

It's been a good week for FL Entertainment N.V. (AMS:FLE) shareholders, because the company has just released its latest yearly results, and the shares gained 2.2% to €9.30. It was an okay report, and revenues came in at €4.3b, approximately in line with analyst estimates leading up to the results announcement. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for FL Entertainment

Taking into account the latest results, the consensus forecast from FL Entertainment's four analysts is for revenues of €4.77b in 2024. This reflects a decent 10% improvement in revenue compared to the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €4.66b and earnings per share (EPS) of €0.75 in 2024. The thing that stands out most is that, while there's been a modest lift to revenue estimates, the consensus no longer provides an EPS estimate. This impliesthat revenue is more important following the latest results.

We'd also point out that thatthe analysts have made no major changes to their price target of €10.55. 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 FL Entertainment, with the most bullish analyst valuing it at €11.50 and the most bearish at €9.20 per share. 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. We would highlight that FL Entertainment's revenue growth is expected to slow, with the forecast 10% annualised growth rate until the end of 2024 being well below the historical 17% p.a. growth over the last three years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 5.8% annually. Even after the forecast slowdown in growth, it seems obvious that FL Entertainment is also expected to grow faster than the wider industry.

The Bottom Line

The highlight for us was that the analysts increased their revenue forecasts for FL Entertainment next year. Happily, they also upgraded their revenue estimates, and are forecasting them to grow faster than the wider industry. The consensus price target held steady at €10.55, with the latest estimates not enough to have an impact on their price targets.

We have estimates for FL Entertainment from its four analysts out to 2026, and you can see them free on our platform here.

And what about risks? Every company has them, and we've spotted 2 warning signs for FL Entertainment (of which 1 is concerning!) 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.