Last week, you might have seen that Corticeira Amorim, S.G.P.S., S.A. (ELI:COR) released its third-quarter result to the market. The early response was not positive, with shares down 2.9% to €6.71 in the past week. Corticeira Amorim S.G.P.S reported in line with analyst predictions, delivering revenues of €202m and statutory earnings per share of €0.42, 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.
Taking into account the latest results, the current consensus from Corticeira Amorim S.G.P.S' seven analysts is for revenues of €854.8m in 2027. This would reflect a satisfactory 2.7% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to jump 47% to €0.50. Before this earnings report, the analysts had been forecasting revenues of €855.5m and earnings per share (EPS) of €0.51 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 Corticeira Amorim S.G.P.S
It will come as no surprise then, to learn that the consensus price target is largely unchanged at €8.04. 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. Currently, the most bullish analyst values Corticeira Amorim S.G.P.S at €9.00 per share, while the most bearish prices it at €6.95. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. One thing stands out from these estimates, which is that Corticeira Amorim S.G.P.S is forecast to grow faster in the future than it has in the past, with revenues expected to display 2.2% annualised growth until the end of 2027. If achieved, this would be a much better result than the 1.5% annual decline over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenue grow 3.6% per year. So although Corticeira Amorim S.G.P.S' revenue growth is expected to improve, it is still expected to grow slower than the 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.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. At Simply Wall St, we have a full range of analyst estimates for Corticeira Amorim S.G.P.S going out to 2028, and you can see them free on our platform here..
You still need to take note of risks, for example - Corticeira Amorim S.G.P.S has 1 warning sign we think you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.