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    Earnings Update: Snam S.p.A. (BIT:SRG) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts

    Simply Wall St·08/05/2026 04:32:11
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    Shareholders might have noticed that Snam S.p.A. (BIT:SRG) filed its half-yearly result this time last week. The early response was not positive, with shares down 4.6% to €5.87 in the past week. It was an okay result overall, with revenues coming in at €2.0b, roughly what the analysts had been expecting. 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. With this in mind, we've gathered the latest statutory forecasts to see what the analysts are expecting for next year.

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    BIT:SRG Earnings and Revenue Growth August 5th 2026

    Following last week's earnings report, Snam's 17 analysts are forecasting 2026 revenues to be €4.02b, approximately in line with the last 12 months. Statutory earnings per share are predicted to shoot up 30% to €0.43. Before this earnings report, the analysts had been forecasting revenues of €4.07b and earnings per share (EPS) of €0.43 in 2026. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

    View our latest analysis for Snam

    It will come as no surprise then, to learn that the consensus price target is largely unchanged at €6.50. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Snam analyst has a price target of €7.30 per share, while the most pessimistic values it at €5.40. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

    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. We would highlight that Snam's revenue growth is expected to slow, with the forecast 0.5% annualised growth rate until the end of 2026 being well below the historical 4.1% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 0.8% per year. Factoring in the forecast slowdown in growth, it seems obvious that Snam is also expected to grow slower than other industry participants.

    The Bottom Line

    The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider 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.

    Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for Snam going out to 2028, and you can see them free on our platform here..

    And what about risks? Every company has them, and we've spotted 2 warning signs for Snam (of which 1 shouldn't be ignored!) you should know about.