It's been a pretty great week for Nordex SE (ETR:NDX1) shareholders, with its shares surging 14% to €42.98 in the week since its latest quarterly results. Results were roughly in line with estimates, with revenues of €2.2b and statutory earnings per share of €1.13. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. 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 consensus forecast from Nordex's 14 analysts is for revenues of €9.57b in 2027. This reflects a decent 13% improvement in revenue compared to the last 12 months. Per-share earnings are expected to jump 29% to €2.70. Before this earnings report, the analysts had been forecasting revenues of €9.60b and earnings per share (EPS) of €2.64 in 2027. So the consensus seems to have become somewhat more optimistic on Nordex's earnings potential following these results.
Check out our latest analysis for Nordex
The consensus price target was unchanged at €50.89, implying that the improved earnings outlook is not expected to have a long term impact on value creation for shareholders. 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. Currently, the most bullish analyst values Nordex at €63.00 per share, while the most bearish prices it at €36.00. 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.
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. We can infer from the latest estimates that forecasts expect a continuation of Nordex'shistorical trends, as the 10.0% annualised revenue growth to the end of 2027 is roughly in line with the 9.6% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 11% annually. It's clear that while Nordex's revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.
The Bottom Line
The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Nordex following these results. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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. We have estimates - from multiple Nordex analysts - going out to 2028, and you can see them free on our platform here.
You can also see our analysis of Nordex's Board and CEO remuneration and experience, and whether company insiders have been buying stock.
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