EDAG Engineering Group AG (ETR:ED4) came out with its full-year results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. It was a pretty mixed result, with revenues beating expectations to hit €874m. Statutory earnings fell 5.5% short of analyst forecasts, reaching €1.16 per share. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.

See our latest analysis for EDAG Engineering Group

Taking into account the latest results, the current consensus from EDAG Engineering Group's three analysts is for revenues of €896.6m in 2024. This would reflect a satisfactory 2.6% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to swell 10% to €1.28. In the lead-up to this report, the analysts had been modelling revenues of €888.9m and earnings per share (EPS) of €1.38 in 2024. The analysts seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

It might be a surprise to learn that the consensus price target was broadly unchanged at €14.50, with the analysts clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on EDAG Engineering Group, with the most bullish analyst valuing it at €15.00 and the most bearish at €13.50 per share. Even so, with a relatively close grouping of estimates, it looks like the analysts are quite confident in their valuations, suggesting EDAG Engineering Group is an easy business to forecast or the the analysts are all using similar assumptions.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting EDAG Engineering Group's growth to accelerate, with the forecast 2.6% annualised growth to the end of 2024 ranking favourably alongside historical growth of 1.4% per annum over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 5.1% annually. It seems obvious that, while the future growth outlook is brighter than the recent past, EDAG Engineering Group is expected to grow slower than the wider industry.