€33.33: That's What Analysts Think Fastned B.V. (AMS:FAST) Is Worth After Its Latest Results

Investors in Fastned B.V. (AMS:FAST) had a good week, as its shares rose 9.7% to close at €17.62 following the release of its half-year results. Revenues were €38m, with Fastned B.V reporting some 3.1% below analyst expectations. 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 Fastned B.V

Following the latest results, Fastned B.V's nine analysts are now forecasting revenues of €91.5m in 2024. This would be a sizeable 27% improvement in revenue compared to the last 12 months. Losses are supposed to decline, shrinking 14% from last year to €0.92. Before this latest report, the consensus had been expecting revenues of €93.7m and €0.84 per share in losses. So it's pretty clear consensus is more negative on Fastned B.V after the new consensus numbers; while the analysts trimmed their revenue estimates, they also administered a moderate increase in per-share loss expectations.

The consensus price target fell 7.7% to €33.33, with the analysts clearly concerned about the company following the weaker revenue and earnings outlook. 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. Currently, the most bullish analyst values Fastned B.V at €45.00 per share, while the most bearish prices it at €22.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Fastned B.V's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Fastned B.V'shistorical trends, as the 61% annualised revenue growth to the end of 2024 is roughly in line with the 55% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 6.5% per year. So although Fastned B.V is expected to maintain its revenue growth rate, it's definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that the analysts increased their loss per share estimates for next year. They also downgraded Fastned B.V's revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of Fastned B.V's future valuation.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Fastned B.V analysts - going out to 2026, and you can see them free on our platform here.

You can also see whether Fastned B.V is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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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.