DSV A/S Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
As you might know, DSV A/S (CPH:DSV) just kicked off its latest third-quarter results with some very strong numbers. It was overall a positive result, with revenues beating expectations by 5.9% to hit kr.81b. DSV reported statutory earnings per share (EPS) kr.12.60, which was a notable 16% above what the analysts had forecast. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Following the latest results, DSV's 19 analysts are now forecasting revenues of kr.307.4b in 2027. This would be a reasonable 2.6% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 124% to kr.75.22. Before this earnings report, the analysts had been forecasting revenues of kr.302.9b and earnings per share (EPS) of kr.79.61 in 2027. 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 DSV
It might be a surprise to learn that the consensus price target was broadly unchanged at kr.1,813, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. 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 DSV analyst has a price target of kr.2,300 per share, while the most pessimistic values it at kr.1,250. 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 DSV's revenue growth is expected to slow, with the forecast 2.1% annualised growth rate until the end of 2027 being well below the historical 6.1% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 2.0% annually. Factoring in the forecast slowdown in growth, it looks like DSV is forecast to grow at about the same rate as the wider industry.
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. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. The consensus price target held steady at kr.1,813, with the latest estimates not enough to have an impact on their price targets.
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 DSV going out to 2028, and you can see them free on our platform here..
We don't want to rain on the parade too much, but we did also find 3 warning signs for DSV that you need to be mindful of.
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