Albany International Corp. Just Beat EPS By 51%: Here's What Analysts Think Will Happen Next
As you might know, Albany International Corp. (NYSE:AIN) just kicked off its latest third-quarter results with some very strong numbers. The company beat forecasts, with revenue of US$350m, some 7.2% above estimates, and statutory earnings per share (EPS) coming in at US$1.47, 51% ahead of expectations. 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. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Albany International after the latest results.
Taking into account the latest results, the current consensus from Albany International's three analysts is for revenues of US$1.39b in 2027. This would reflect a credible 6.0% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to accumulate 3.2% to US$3.21. In the lead-up to this report, the analysts had been modelling revenues of US$1.38b and earnings per share (EPS) of US$3.21 in 2027. 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 Albany International
The analysts reconfirmed their price target of US$67.67, showing that the business is executing well and in line with expectations. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Albany International analyst has a price target of US$75.00 per share, while the most pessimistic values it at US$61.00. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting Albany International is an easy business to forecast or the the analysts are all using similar assumptions.
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's pretty clear that there is an expectation that Albany International's revenue growth will slow down substantially, with revenues to the end of 2027 expected to display 4.8% growth on an annualised basis. This is compared to a historical growth rate of 6.1% over the past five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 7.0% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than Albany International.
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. The consensus price target held steady at US$67.67, 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 Albany International going out to 2028, and you can see them free on our platform here..
Even so, be aware that Albany International is showing 1 warning sign in our investment analysis , you should know about...
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