BE Semiconductor Industries N.V. (AMS:BESI) Consensus Forecasts Have Become A Little Darker Since Its Latest Report

Shareholders might have noticed that BE Semiconductor Industries N.V. (AMS:BESI) filed its quarterly result this time last week. The early response was not positive, with shares down 2.3% to €130 in the past week. It looks like the results were a bit of a negative overall. While revenues of €146m were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 2.8% to hit €0.44 per share. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

Check out our latest analysis for BE Semiconductor Industries

Following the latest results, BE Semiconductor Industries' 19 analysts are now forecasting revenues of €721.0m in 2024. This would be a substantial 22% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 20% to €2.75. In the lead-up to this report, the analysts had been modelling revenues of €767.6m and earnings per share (EPS) of €3.27 in 2024. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a substantial drop in earnings per share estimates.

The analysts made no major changes to their price target of €150, suggesting the downgrades are not expected to have a long-term impact on BE Semiconductor Industries' valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on BE Semiconductor Industries, with the most bullish analyst valuing it at €188 and the most bearish at €108 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It's clear from the latest estimates that BE Semiconductor Industries' rate of growth is expected to accelerate meaningfully, with the forecast 30% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 12% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 13% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that BE Semiconductor Industries is expected to grow much faster than its industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for BE Semiconductor Industries. They also downgraded BE Semiconductor Industries' revenue estimates, but industry data suggests that it is expected to grow faster than the wider industry. The consensus price target held steady at €150, with the latest estimates not enough to have an impact on their price targets.

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. At Simply Wall St, we have a full range of analyst estimates for BE Semiconductor Industries going 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 BE Semiconductor Industries (of which 1 can't be ignored!) 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.