It's been a good week for Knorr-Bremse AG (ETR:KBX) shareholders, because the company has just released its latest quarterly results, and the shares gained 8.3% to €74.70. Knorr-Bremse reported €2.0b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of €0.95 beat expectations, being 3.2% higher than what the analysts expected. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

Check out our latest analysis for Knorr-Bremse

After the latest results, the consensus from Knorr-Bremse's 14 analysts is for revenues of €7.91b in 2024, which would reflect a discernible 2.5% decline in revenue compared to the last year of performance. Per-share earnings are expected to rise 7.9% to €3.86. Before this earnings report, the analysts had been forecasting revenues of €7.88b and earnings per share (EPS) of €3.71 in 2024. So the consensus seems to have become somewhat more optimistic on Knorr-Bremse's earnings potential following these results.

There's been no major changes to the consensus price target of €72.50, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's 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. Currently, the most bullish analyst values Knorr-Bremse at €87.00 per share, while the most bearish prices it at €48.00. 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.

Of course, another way to look at these forecasts is to place them into context against the industry itself. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 3.3% by the end of 2024. This indicates a significant reduction from annual growth of 3.6% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 4.2% annually for the foreseeable future. It's pretty clear that Knorr-Bremse's revenues are expected to perform substantially worse than the wider industry.