Beiersdorf Aktiengesellschaft (ETR:BEI) came out with its half-yearly results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Beiersdorf reported in line with analyst predictions, delivering revenues of €5.0b and statutory earnings per share of €4.25, 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Taking into account the latest results, Beiersdorf's 19 analysts currently expect revenues in 2026 to be €9.65b, approximately in line with the last 12 months. Statutory earnings per share are forecast to decline 12% to €3.78 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of €9.81b and earnings per share (EPS) of €4.31 in 2026. The analysts seem to have become more bearish following the latest results. While there were no changes to revenue forecasts, there was a substantial drop in EPS estimates.
Check out our latest analysis for Beiersdorf
The consensus price target held steady at €83.16, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. There are some variant perceptions on Beiersdorf, with the most bullish analyst valuing it at €95.00 and the most bearish at €68.00 per share. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Beiersdorf's past performance and to peers in the same industry. We would highlight that Beiersdorf's revenue growth is expected to slow, with the forecast 0.7% annualised growth rate until the end of 2026 being well below the historical 5.5% 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 5.1% 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 Beiersdorf.
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. 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 €83.16, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Beiersdorf. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Beiersdorf analysts - going out to 2028, and you can see them free on our platform here.
We also provide an overview of the Beiersdorf Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.
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