Cadeler A/S Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Cadeler A/S (OB:CADLR) just released its full-year report and things are looking bullish. The company beat both earnings and revenue forecasts, with revenue of €61m, some 4.9% above estimates, and statutory earnings per share (EPS) coming in at €0.06, 39% ahead of 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.

View our latest analysis for Cadeler

Taking into account the latest results, the consensus forecast from Cadeler's dual analysts is for revenues of €110.2m in 2022, which would reflect a major 81% improvement in sales compared to the last 12 months. Per-share earnings are expected to shoot up 495% to €0.32. Yet prior to the latest earnings, the analysts had been anticipated revenues of €113.1m and earnings per share (EPS) of €0.42 in 2022. From this we can that sentiment has definitely become more bearish after the latest results, leading to lower revenue forecasts and a large cut to earnings per share estimates.

The analysts made no major changes to their price target of kr40.71, suggesting the downgrades are not expected to have a long-term impact on Cadeler's valuation.

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. For example, we noticed that Cadeler's rate of growth is expected to accelerate meaningfully, with revenues forecast to exhibit 81% growth to the end of 2022 on an annualised basis. That is well above its historical decline of 12% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 9.2% per year. So it looks like Cadeler is expected to grow faster than its competitors, at least for a while.

The Bottom Line

The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. They also downgraded their revenue estimates, although industry data suggests that Cadeler's revenues are expected to grow faster than the wider industry. The consensus price target held steady at kr40.71, with the latest estimates not enough to have an impact on their price targets.

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 analyst estimates for Cadeler going out as far as 2024, and you can see them free on our platform here.

That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Cadeler (at least 1 which is potentially serious) , and understanding them should be part of your investment process.

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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.