Computacenter plc (LON:CCC) shareholders are probably feeling a little disappointed, since its shares fell 7.0% to UK￡27.02 in the week after its latest full-year results. Computacenter missed revenue estimates by 4.8%, coming in atUK￡6.9b, although statutory earnings per share (EPS) of UK￡1.73 beat expectations, coming in 2.9% ahead of analyst estimates. 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. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

View our latest analysis for Computacenter

Taking into account the latest results, Computacenter's eleven analysts currently expect revenues in 2024 to be UK￡6.96b, approximately in line with the last 12 months. Statutory earnings per share are forecast to reduce 2.0% to UK￡1.71 in the same period. Before this earnings report, the analysts had been forecasting revenues of UK￡7.29b and earnings per share (EPS) of UK￡1.74 in 2024. The consensus seems maybe a little more pessimistic, trimming their revenue forecasts after the latest results even though there was no change to its EPS estimates.

The average price target was steady at UK￡31.66even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. 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 Computacenter at UK￡33.50 per share, while the most bearish prices it at UK￡26.50. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Computacenter's past performance and to peers in the same industry. It's pretty clear that there is an expectation that Computacenter's revenue growth will slow down substantially, with revenues to the end of 2024 expected to display 0.5% growth on an annualised basis. This is compared to a historical growth rate of 8.9% 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 6.7% per year. Factoring in the forecast slowdown in growth, it seems obvious that Computacenter is also expected to grow slower than other industry participants.