Fielmann Group AG (ETR:FIE) Just Reported Earnings, And Analysts Cut Their Target Price
As you might know, Fielmann Group AG (ETR:FIE) recently reported its interim numbers. Fielmann Group reported in line with analyst predictions, delivering revenues of €1.2b and statutory earnings per share of €2.43, suggesting the business is executing well and in line with its plan. 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've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
Taking into account the latest results, the consensus forecast from Fielmann Group's nine analysts is for revenues of €2.52b in 2026. This reflects a reasonable 2.7% improvement in revenue compared to the last 12 months. Statutory per-share earnings are expected to be €2.47, roughly flat on the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of €2.56b and earnings per share (EPS) of €2.60 in 2026. 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.
See our latest analysis for Fielmann Group
It might be a surprise to learn that the consensus price target fell 5.5% to €55.38, with the analysts clearly linking lower forecast earnings to the performance of the stock price. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. The most optimistic Fielmann Group analyst has a price target of €64.00 per share, while the most pessimistic values it at €46.00. Analysts definitely have varying views on the business, but the spread of estimates is not wide enough in our view to suggest that extreme outcomes could await Fielmann Group shareholders.
These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Fielmann Group's past performance and to peers in the same industry. We would highlight that Fielmann Group's revenue growth is expected to slow, with the forecast 5.5% annualised growth rate until the end of 2026 being well below the historical 9.5% p.a. growth over the last five years. Compare this to the 20 other companies in this industry with analyst coverage, which are forecast to grow their revenue at 6.4% per year. So it's pretty clear that, while Fielmann Group'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 Fielmann Group. They also reconfirmed their revenue estimates, with the company predicted to grow at about the same rate as the wider industry. Furthermore, the analysts also cut their price targets, suggesting that the latest news has led to greater pessimism about the intrinsic value of the business.
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. At Simply Wall St, we have a full range of analyst estimates for Fielmann Group 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 Fielmann Group 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.