Analysts Are Updating Their FDJ United (EPA:FDJU) Estimates After Its Half-Year Results
Last week, you might have seen that FDJ United (EPA:FDJU) released its interim result to the market. The early response was not positive, with shares down 2.1% to €21.93 in the past week. It was a credible result overall, with revenues of €1.8b and statutory earnings per share of €0.95 both in line with analyst estimates, showing that FDJ United is executing in line with expectations. 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.
Taking into account the latest results, FDJ United's nine analysts currently expect revenues in 2026 to be €3.64b, approximately in line with the last 12 months. Statutory earnings per share are predicted to jump 1,289% to €1.80. In the lead-up to this report, the analysts had been modelling revenues of €3.66b and earnings per share (EPS) of €1.89 in 2026. The analysts seem to have become a little more negative on the business after the latest results, given the small dip in their earnings per share numbers for next year.
See our latest analysis for FDJ United
The consensus price target held steady at €26.35, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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 FDJ United, with the most bullish analyst valuing it at €39.00 and the most bearish at €20.00 per share. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.
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 FDJ United's revenue growth is expected to slow, with the forecast 2.5% annualised growth rate until the end of 2026 being well below the historical 12% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 4.6% per year. Factoring in the forecast slowdown in growth, it seems obvious that FDJ United is also expected to grow slower than other industry participants.
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than 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.
With that said, the long-term trajectory of the company's earnings is a lot more important than next year. At Simply Wall St, we have a full range of analyst estimates for FDJ United going out to 2028, and you can see them free on our platform here..
You should always think about risks though. Case in point, we've spotted 4 warning signs for FDJ United you should be aware of, and 2 of them make us uncomfortable.
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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.