Corticeira Amorim, S.G.P.S., S.A. Just Missed Revenue By 5.0%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that Corticeira Amorim, S.G.P.S., S.A. (ELI:COR) filed its third-quarter result this time last week. The early response was not positive, with shares down 8.5% to €6.65 in the past week. Results look mixed - while revenue fell marginally short of analyst estimates at €203m, statutory earnings were in line with expectations, at €0.52 per share. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

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Taking into account the latest results, the consensus forecast from Corticeira Amorim S.G.P.S' seven analysts is for revenues of €917.6m in 2026. This reflects a modest 3.2% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to climb 20% to €0.61. Before this earnings report, the analysts had been forecasting revenues of €928.9m and earnings per share (EPS) of €0.63 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

View our latest analysis for Corticeira Amorim S.G.P.S

It might be a surprise to learn that the consensus price target was broadly unchanged at €10.13, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Corticeira Amorim S.G.P.S at €11.10 per share, while the most bearish prices it at €8.78. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. It's pretty clear that there is an expectation that Corticeira Amorim S.G.P.S' revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 2.5% growth on an annualised basis. This is compared to a historical growth rate of 4.2% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 2.5% annually. So it's pretty clear that, while Corticeira Amorim S.G.P.S' revenue growth is expected to slow, it's expected to grow roughly in line with the industry.

The Bottom Line

The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Corticeira Amorim S.G.P.S. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall 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 Corticeira Amorim S.G.P.S analysts - going out to 2027, and you can see them free on our platform here.

We don't want to rain on the parade too much, but we did also find 1 warning sign for Corticeira Amorim S.G.P.S that you need to be mindful of.

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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.