Aena S.M.E., S.A. (BME:AENA) Third-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

It's been a good week for Aena S.M.E., S.A. (BME:AENA) shareholders, because the company has just released its latest third-quarter results, and the shares gained 2.2% to €27.08. Aena S.M.E reported in line with analyst predictions, delivering revenues of €2.0b and statutory earnings per share of €0.51, suggesting the business is executing well and in line with its plan. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. 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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Following the latest results, Aena S.M.E's 19 analysts are now forecasting revenues of €7.24b in 2027. This would be an okay 6.4% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 4.2% to €1.62. In the lead-up to this report, the analysts had been modelling revenues of €7.19b and earnings per share (EPS) of €1.62 in 2027. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

Check out our latest analysis for Aena S.M.E

It will come as no surprise then, to learn that the consensus price target is largely unchanged at €27.44. 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. Currently, the most bullish analyst values Aena S.M.E at €32.50 per share, while the most bearish prices it at €20.00. 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.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that Aena S.M.E's revenue growth is expected to slow, with the forecast 5.1% annualised growth rate until the end of 2027 being well below the historical 17% 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 3.6% annually. So it's pretty clear that, while Aena S.M.E's revenue growth is expected to slow, it's still expected to grow faster than the industry itself.

The Bottom Line

The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster 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.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for Aena S.M.E going out to 2028, and you can see them free on our platform here..

Before you take the next step you should know about the 2 warning signs for Aena S.M.E that we have uncovered.

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