Washtech AG (ETR:WSU) released its annual results last week. We wanted to find out how the business is performing, and what industry forecasters think about the company following this report. Results were broadly in line with expectations, with sales of 489 million euros and statutory earnings per share of 2.09 euros. This is an important time for investors, as they can track a company's performance in the report, see what experts predict for next year, and see if there have been any changes to expectations for the business. So we've gathered the latest post-earnings forecasts to see what next year can hold.
Check out our latest analysis for WashTec.
Following last week's earnings report, Washtech's four analysts now expect 2024 sales to be €493.5m, about the same as the previous 12 months. Earnings per share are expected to increase by 15% to 2.40 euros. Prior to this earnings report, analysts had expected 2024 sales of 499 million euros and earnings per share (EPS) of 2.37 euros. The consensus analysts seem to have seen nothing in these results that would change their view of the company's performance. Business is good considering there are no major changes in estimates.
There were no changes to sales or profit estimates or the €49.13 price target, suggesting the company's recent performance is meeting expectations. 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. There are varying opinions on WashTec, with the most bullish analyst valuing it at EUR 53.00 per share, and the most bearish at EUR 43.00 per share. This has a very narrow range of estimates, suggesting either that WashTec is an easy company to value, or that the analysts are relying heavily on a few key assumptions.
You can also look at the bigger picture, including how these forecasts compare to past performance and whether forecasts are more or less bullish compared to other companies in its industry. We would like to emphasize that WashTec's revenue growth is expected to slow, with its expected annualized growth rate of 0.8% through the end of 2024 being significantly lower than its historic annual growth rate of 3.4% over the past five years. Masu. Compare this to other companies in the industry, which are expected to see combined revenue growth of 3.6% per year (analyst forecasts). Considering the expected growth slowdown, it's clear that WashTec's growth is also expected to be slower than other industry participants.
conclusion
Most importantly, there was no major change in sentiment, with the analysts reaffirming that the business is performing in line with previous earnings per share estimates. Happily, the analysts also reaffirmed their earnings forecasts, suggesting things are in line with expectations. However, our data suggests that WashTec's earnings are expected to be worse than the broader industry. There was no actual change to the consensus target price, suggesting that the intrinsic value of the business has not changed significantly at the latest estimate.
Based on this idea, we think the long-term outlook for the business is far more relevant than next year's earnings. We have made his predictions for WashTec to 2026 and you can see them for free on our platform here.
You still need to be aware of the risks.For example, WashTec 1 warning sign I think you should know.
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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 the articles are not intended as 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.
