flatexDEGIRO AG (ETR:FTK) shareholders are probably a little disappointed, as the company's shares fell 2.0% to €9.85 in the week after the latest full-year results were released. Sales of 391 million euros were in line with expectations, but statutory earnings per share (EPS) were lower than expected at 0.65 euros, or 4.4% below expectations. Earnings earnings are an important time for investors as they can track a company's performance, see what analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. We've collected the latest statutory forecasts to see if the analysts have changed their earnings model following these results.
Check out our latest analysis for flatexDEGIRO.
Taking into account the latest results, the consensus forecast of flatexDEGIRO's 10 analysts is for revenue in 2024 of €433.8m. This reflects a significant 11% improvement in revenue compared to the previous 12 months. However, before the latest results, analysts had been forecasting sales of €436.1m and earnings per share (EPS) of €1.01 in 2024. Overall, the analysts have reaffirmed their revenue estimates, but the consensus does not currently provide an EPS forecast. . This means the market believes earnings are more important following these latest results.
flatexDEGIRO appears to be performing as expected, with no material change to the consensus target price of €12.30. However, there is another way to think about price targets. The key is to pay attention to the range of price targets offered by analysts. This is because a wide range of estimates can suggest diverse views on possible outcomes for your business. Currently, the most bullish analyst values flatexDEGIRO at 16.20 euros per share, while the most bearish values it at 9.50 euros. There are certainly some differing views on the stock price, but in our view the range of estimates is not wide enough to suggest that the situation is unpredictable.
One way to get more context about these forecasts is to compare them to their past performance and to the performance of other companies in the same industry. We would like to emphasize that flatexDEGIRO's revenue growth is expected to slow, with the expected annual growth rate of 11% to the end of 2024 being significantly lower than the historical annual growth rate of 24% over the past five years. Masu. Let's compare this to other companies in the industry covered by analysts. These companies are expected to see their revenues (in aggregate) grow by 4.4% per year. Even after the expected slowdown in growth, it's clear that flatexDEGIRO is expected to grow faster than the broader industry.
conclusion
What's clear from these updates is that the analysts have made no changes to their revenue forecasts for next year, and the business is clearly performing in line with their model. Fortunately, there are no major changes to revenue forecasts, and the business is still expected to grow faster than the broader industry. There was no material change to the consensus target price, suggesting that the intrinsic value of the business has not changed significantly at the latest estimate.
We have 10 analysts' forecasts for flatexDEGIRO to 2026, which you can see for free on our platform here.
Additionally, you should also learn about: 1 warning sign Found on flatexDEGIRO.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodologies, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
