Bilfinger SE (ETR:GBF) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year
Bilfinger SE (ETR:GBF) shareholders are probably feeling a little disappointed, since its shares fell 4.6% to €76.90 in the week after its latest second-quarter results. Results overall were respectable, with statutory earnings of €1.47 per share roughly in line with what the analysts had forecast. Revenues of €1.5b came in 3.1% ahead of analyst predictions. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on Bilfinger after the latest results.
After the latest results, the five analysts covering Bilfinger are now predicting revenues of €5.69b in 2026. If met, this would reflect a satisfactory 2.2% improvement in revenue compared to the last 12 months. Per-share earnings are expected to swell 15% to €5.85. In the lead-up to this report, the analysts had been modelling revenues of €5.70b and earnings per share (EPS) of €6.01 in 2026. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts.
See our latest analysis for Bilfinger
The consensus price target held steady at €116, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. 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. The most optimistic Bilfinger analyst has a price target of €126 per share, while the most pessimistic values it at €105. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. It's pretty clear that there is an expectation that Bilfinger's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 4.5% growth on an annualised basis. This is compared to a historical growth rate of 8.9% over the past five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 4.7% annually. So it's pretty clear that, while Bilfinger's revenue growth is expected to slow, it's expected to grow roughly in line with the industry.
The Bottom Line
The biggest concern is that the analysts reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Bilfinger. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as 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.
Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Bilfinger analysts - going out to 2028, and you can see them free on our platform here.
You still need to take note of risks, for example - Bilfinger has 1 warning sign we think you should be aware of.
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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.