CTP N.V. (AMS:CTPNV) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Last week, you might have seen that CTP N.V. (AMS:CTPNV) released its quarterly result to the market. The early response was not positive, with shares down 2.1% to €12.40 in the past week. CTP reported in line with analyst predictions, delivering revenues of €268m and statutory earnings per share of €2.17, suggesting the business is executing well and in line with its plan. 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.
After the latest results, the nine analysts covering CTP are now predicting revenues of €1.13b in 2027. If met, this would reflect a modest 6.5% improvement in revenue compared to the last 12 months. Per-share earnings are expected to leap 104% to €2.24. In the lead-up to this report, the analysts had been modelling revenues of €1.12b and earnings per share (EPS) of €2.49 in 2027. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.
Check out our latest analysis for CTP
It might be a surprise to learn that the consensus price target was broadly unchanged at €18.79, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. There are some variant perceptions on CTP, with the most bullish analyst valuing it at €24.00 and the most bearish at €16.00 per share. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
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 CTP's revenue growth is expected to slow, with the forecast 5.2% annualised growth rate until the end of 2027 being well below the historical 19% p.a. growth over the last five years. Compare this with other companies in the same industry, which are forecast to see a revenue decline of 0.2% annually. Factoring in the forecast slowdown in growth, it's pretty clear that CTP is still expected to grow faster than the wider industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for CTP. On the plus side, they made no changes to their revenue estimates - and they expect it to perform better than the wider industry. The consensus price target held steady at €18.79, with the latest estimates not enough to have an impact on their price targets.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have forecasts for CTP going out to 2028, and you can see them free on our platform here.
You should always think about risks though. Case in point, we've spotted 4 warning signs for CTP you should be aware of, and 1 of them shouldn't be ignored.
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