Vicat S.A. (EPA:VCT) Half-Year Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Investors in Vicat S.A. (EPA:VCT) had a good week, as its shares rose 8.8% to close at €65.50 following the release of its half-yearly results. It was a workmanlike result, with revenues of €2.0b coming in 4.6% ahead of expectations, and statutory earnings per share of €6.13, in line with analyst appraisals. 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, Vicat's four analysts currently expect revenues in 2026 to be €4.03b, approximately in line with the last 12 months. Statutory earnings per share are forecast to reduce 3.0% to €6.31 in the same period. In the lead-up to this report, the analysts had been modelling revenues of €3.96b and earnings per share (EPS) of €6.37 in 2026. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.
View our latest analysis for Vicat
The analysts reconfirmed their price target of €87.00, showing that the business is executing well and in line with expectations. 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. There are some variant perceptions on Vicat, with the most bullish analyst valuing it at €101 and the most bearish at €65.00 per share. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.
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 would highlight that Vicat's revenue growth is expected to slow, with the forecast 1.2% annualised growth rate until the end of 2026 being well below the historical 4.8% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 4.9% annually. Factoring in the forecast slowdown in growth, it seems obvious that Vicat is also expected to grow slower than other industry participants.
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. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Vicat's revenue is expected to perform worse than the wider industry. The consensus price target held steady at €87.00, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on Vicat. Long-term earnings power is much more important than next year's profits. We have forecasts for Vicat going out to 2028, and you can see them free on our platform here.
It might also be worth considering whether Vicat's debt load is appropriate, using our debt analysis tools on the Simply Wall St platform, here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.