Analyst Estimates: Here's What Brokers Think Of Emmi AG (VTX:EMMN) After Its Interim Report
Emmi AG (VTX:EMMN) shareholders are probably feeling a little disappointed, since its shares fell 5.0% to CHF825 in the week after its latest half-yearly results. Emmi reported in line with analyst predictions, delivering revenues of CHF2.3b and statutory earnings per share of CHF42.44, suggesting the business is executing well and in line with its plan. 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. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Taking into account the latest results, Emmi's six analysts currently expect revenues in 2026 to be CHF4.84b, approximately in line with the last 12 months. Statutory per-share earnings are expected to be CHF43.98, roughly flat on the last 12 months. Before this earnings report, the analysts had been forecasting revenues of CHF4.80b and earnings per share (EPS) of CHF44.82 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.
See our latest analysis for Emmi
The analysts reconfirmed their price target of CHF959, showing that the business is executing well and in line with expectations. 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 Emmi, with the most bullish analyst valuing it at CHF1,050 and the most bearish at CHF830 per share. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
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. It's pretty clear that there is an expectation that Emmi's revenue growth will slow down substantially, with revenues to the end of 2026 expected to display 1.7% growth on an annualised basis. This is compared to a historical growth rate of 4.2% over the past five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 3.2% annually. Factoring in the forecast slowdown in growth, it seems obvious that Emmi is also expected to grow slower than other industry participants.
The Bottom Line
The most important thing to take away is that there's been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. On the plus side, there were no major changes to revenue estimates; although forecasts imply they will perform worse than the wider industry. The consensus price target held steady at CHF959, 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 Emmi. Long-term earnings power is much more important than next year's profits. At Simply Wall St, we have a full range of analyst estimates for Emmi going out to 2028, and you can see them free on our platform here..
And what about risks? Every company has them, and we've spotted 1 warning sign for Emmi you should know about.
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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.