ALSO Holding AG Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Shareholders might have noticed that ALSO Holding AG (VTX:ALSN) filed its half-yearly result this time last week. The early response was not positive, with shares down 8.6% to CHF184 in the past week. Revenues were €7.1b, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at €5.47, an impressive 22% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

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Taking into account the latest results, ALSO Holding's six analysts currently expect revenues in 2026 to be €14.8b, approximately in line with the last 12 months. Statutory earnings per share are predicted to increase 4.2% to €11.08. Before this earnings report, the analysts had been forecasting revenues of €14.6b and earnings per share (EPS) of €11.34 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.

Check out our latest analysis for ALSO Holding

It might be a surprise to learn that the consensus price target was broadly unchanged at CHF217, 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. The most optimistic ALSO Holding analyst has a price target of CHF260 per share, while the most pessimistic values it at CHF178. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's clear from the latest estimates that ALSO Holding's rate of growth is expected to accelerate meaningfully, with the forecast 2.3% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 1.9% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 8.7% per year. So it's clear that despite the acceleration in growth, ALSO Holding is expected to grow meaningfully slower than the industry average.

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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that ALSO Holding's revenue is expected to perform worse than the wider industry. The consensus price target held steady at CHF217, with the latest estimates not enough to have an impact on their price targets.

With that in mind, we wouldn't be too quick to come to a conclusion on ALSO Holding. Long-term earnings power is much more important than next year's profits. We have forecasts for ALSO Holding going out to 2028, and you can see them free on our platform here.

Even so, be aware that ALSO Holding is showing 1 warning sign in our investment analysis , you should know about...

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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.