Results: BE Semiconductor Industries N.V. Beat Earnings Expectations And Analysts Now Have New Forecasts

Investors in BE Semiconductor Industries N.V. (AMS:BESI) had a good week, as its shares rose 2.0% to close at €120 following the release of its full-year results. The result was positive overall - although revenues of €607m were in line with what the analysts predicted, BE Semiconductor Industries surprised by delivering a statutory profit of €2.30 per share, modestly greater than expected. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

Check out our latest analysis for BE Semiconductor Industries

Taking into account the latest results, the most recent consensus for BE Semiconductor Industries from 19 analysts is for revenues of €741.1m in 2025. If met, it would imply a major 22% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to step up 19% to €2.72. Before this earnings report, the analysts had been forecasting revenues of €834.1m and earnings per share (EPS) of €3.45 in 2025. Indeed, we can see that the analysts are a lot more bearish about BE Semiconductor Industries' prospects following the latest results, administering a substantial drop in revenue estimates and slashing their EPS estimates to boot.

The analysts made no major changes to their price target of €143, 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 €185 and the most bearish at €96.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. The analysts are definitely expecting BE Semiconductor Industries' growth to accelerate, with the forecast 22% annualised growth to the end of 2025 ranking favourably alongside historical growth of 7.5% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 11% 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. 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple BE Semiconductor Industries analysts - going out to 2027, and you can see them free on our platform here.

Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.

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.