Fastned B.V. (AMS:FAST) Just Released Its Half-Yearly Results And Analysts Are Updating Their Estimates

The investors in Fastned B.V.'s (AMS:FAST) will be rubbing their hands together with glee today, after the share price leapt 31% to €37.00 in the week following its half-yearly results. The result was fairly weak overall, with revenues of €13m being 6.1% less than what the analysts had been modelling. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Fastned B.V after the latest results.

Check out our latest analysis for Fastned B.V

Taking into account the latest results, the current consensus from Fastned B.V's three analysts is for revenues of €33.8m in 2022, which would reflect a substantial 64% increase on its sales over the past 12 months. The loss per share is expected to ameliorate slightly, reducing to €1.12. Before this latest report, the consensus had been expecting revenues of €32.9m and €1.00 per share in losses. While this year's revenue estimates increased, there was also a noticeable increase in loss per share expectations, suggesting the consensus has a bit of a mixed view on the stock.

There was no major change to the consensus price target of €47.83, with growing revenues seemingly enough to offset the concern of growing losses. 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. There are some variant perceptions on Fastned B.V, with the most bullish analyst valuing it at €62.00 and the most bearish at €40.00 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.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that Fastned B.V's rate of growth is expected to accelerate meaningfully, with the forecast 170% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 54% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 1.0% annually. Factoring in the forecast acceleration in revenue, it's pretty clear that Fastned B.V is expected to grow much faster than its industry.

The Bottom Line

The most important thing to note is the forecast of increased losses next year, suggesting all may not be well at Fastned B.V. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business 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 in mind, we wouldn't be too quick to come to a conclusion on Fastned B.V. Long-term earnings power is much more important than next year's profits. We have forecasts for Fastned B.V going out to 2024, and you can see them free on our platform here.

Plus, you should also learn about the 1 warning sign we've spotted with Fastned B.V .

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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.