Analyst Estimates: Here's What Brokers Think Of Nexus AG (ETR:NXU) After Its Full-Year Report

The full-year results for Nexus AG (ETR:NXU) were released last week, making it a good time to revisit its performance. Nexus beat revenue expectations by 3.6%, at €245m. Statutory earnings per share (EPS) came in at €1.39, some 4.2% short of analyst estimates. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Nexus

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Taking into account the latest results, the current consensus from Nexus' seven analysts is for revenues of €271.4m in 2024. This would reflect a notable 11% increase on its revenue over the past 12 months. Per-share earnings are expected to leap 23% to €1.72. Yet prior to the latest earnings, the analysts had been anticipated revenues of €265.2m and earnings per share (EPS) of €1.79 in 2024. Overall it looks as though the analysts were a bit mixed on the latest results. Although there was a a notable to revenue, the consensus also made a minor downgrade to its earnings per share forecasts.

There's been no major changes to the price target of €66.50, suggesting that the impact of higher forecast revenue and lower earnings won't result in a meaningful change to the business' valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Nexus analyst has a price target of €70.00 per share, while the most pessimistic values it at €62.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects.

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. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 11% growth on an annualised basis. That is in line with its 11% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 9.1% per year. So although Nexus is expected to maintain its revenue growth rate, it's only growing at about the rate of the wider industry.

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. There was also an upgrade to revenue estimates, although as we saw earlier, forecast growth is only expected to be about the same as the wider industry. The consensus price target held steady at €66.50, 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 Nexus. 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 Nexus going out to 2026, and you can see them free on our platform here..

We also provide an overview of the Nexus Board and CEO remuneration and length of tenure at the company, and whether insiders have been buying the stock, here.

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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.