Aalberts N.V. Just Missed Earnings - But Analysts Have Updated Their Models
It's been a good week for Aalberts N.V. (AMS:AALB) shareholders, because the company has just released its latest half-year results, and the shares gained 3.3% to €41.66. Revenues of €1.6b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at €1.13, missing estimates by 6.6%. 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 collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
Taking into account the latest results, the current consensus, from the eight analysts covering Aalberts, is for revenues of €3.02b in 2026. This implies a small 2.3% reduction in Aalberts' revenue over the past 12 months. Statutory earnings per share are predicted to shoot up 55% to €2.19. Before this earnings report, the analysts had been forecasting revenues of €2.98b and earnings per share (EPS) of €2.21 in 2026. 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.
View our latest analysis for Aalberts
There were no changes to revenue or earnings estimates or the price target of €44.95, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Aalberts analyst has a price target of €51.00 per share, while the most pessimistic values it at €39.00. 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. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 4.6% by the end of 2026. This indicates a significant reduction from annual growth of 0.7% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 7.1% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Aalberts is expected to lag the wider industry.
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.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Aalberts analysts - going out to 2028, and you can see them free on our platform here.
That said, it's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Aalberts , and understanding these should be part of your investment process.
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