B&S Group S.A. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Investors in B&S Group S.A. (AMS:BSGR) had a good week, as its shares rose 8.7% to close at €4.50 following the release of its full-year results. B&S Group missed revenue estimates by 2.0%, coming in at€2.2b, although statutory earnings per share (EPS) of €0.40 beat expectations, coming in 8.1% ahead of analyst estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

View our latest analysis for B&S Group

Taking into account the latest results, the consensus forecast from B&S Group's twin analysts is for revenues of €2.33b in 2024. This reflects an okay 4.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 45% to €0.58. Before this earnings report, the analysts had been forecasting revenues of €2.39b and earnings per share (EPS) of €0.59 in 2024. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

The consensus price target rose 10% to €6.63, with the analysts apparently satisfied with the business performance despite lower revenue forecasts.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the B&S Group's past performance and to peers in the same industry. It's clear from the latest estimates that B&S Group's rate of growth is expected to accelerate meaningfully, with the forecast 4.9% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 4.0% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 13% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, B&S Group is expected to grow slower than the wider industry.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Yet - earnings are more important to the intrinsic value of the business. 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.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for B&S Group going out as far as 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 B&S Group 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.