Last week you may have seen that Masterflex SE (ETR:MZX) has released its half-year results. Initial reactions were not positive. Shares fell 5.1% to €9.96 last week. Results were roughly in line with estimates, with revenues of €52m and statutory earnings per share of €0.83. Earnings numbers are an important time for investors as they can track a company’s performance, look at what analysts are forecasting for next year, and see if sentiment towards the company has changed. With that in mind, we’ve compiled the latest statutory forecasts to see what analysts are expecting for next year.
Check out our latest analysis for Masterflex
Taking into account the latest results, the latest consensus among two analysts for Masterflex is for revenues of €103.9 million in 2024. If achieved, this would represent a reasonable 3.7% increase on the past 12 months’ sales. Statutory earnings per share are expected to be €0.91, roughly in line with the past 12 months. However, prior to the latest results, analysts had been expecting revenues of €104.4 million and earnings per share (EPS) of €0.90 in 2024. So it’s pretty clear that even though analysts have updated their estimates, expectations for the company haven’t changed much following the latest results.
It should therefore come as no surprise that the consensus price target remains almost unchanged at €15.10.
We can also look at these estimates in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether the forecasts are more or less optimistic compared to other companies in the industry. The period to the end of 2024 brings more of the same, according to analysts, with revenue forecast to grow 7.5% on an annual basis. This is in line with annual growth of 7.3% over the past five years. Compare this to the broader industry, where analyst estimates are (overall) expecting revenue to grow at a rate of 4.6% per year. So it’s pretty clear that Masterflex is forecast to grow significantly faster than the industry.
The conclusion
Most importantly, there hasn’t been a major change in sentiment. The analysts have confirmed that the company is performing in line with their previous earnings per share estimates. Fortunately, they have also confirmed their revenue numbers, suggesting that it is in line with expectations. Furthermore, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target remained stable at €15.10, with the latest estimates not enough to have an impact on their price targets.
With this in mind, we still believe that the company’s long-term performance is much more important for investors. At least one analyst has provided forecasts up to 2026, which can be viewed free of charge here on our platform.
And what about risks? Every company has them, and we have 1 warning sign for Masterflex You should know about this.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
