dormakaba Holding AG (VTX:DOKA) Just Reported Interim Earnings: Have Analysts Changed Their Mind On The Stock?

Last week saw the newest interim earnings release from dormakaba Holding AG (VTX:DOKA), an important milestone in the company's journey to build a stronger business. Results were roughly in line with estimates, with revenues of CHF1.4b and statutory earnings per share of CHF10.90. 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.

View our latest analysis for dormakaba Holding

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Taking into account the latest results, dormakaba Holding's seven analysts currently expect revenues in 2024 to be CHF2.83b, approximately in line with the last 12 months. Before this earnings report, the analysts had been forecasting revenues of CHF2.90b and earnings per share (EPS) of CHF10.33 in 2024. Overall, while there's been a small dip in revenue estimates, the consensus now no longer provides an EPS estimate. This implies that the market believes revenue is more important following the latest results.

We'd also point out that thatthe analysts have made no major changes to their price target of CHF456. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values dormakaba Holding at CHF550 per share, while the most bearish prices it at CHF363. There are definitely some different views on the stock, but the range of estimates is not wide enough as to imply that the situation is unforecastable, in our view.

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 clear from the latest estimates that dormakaba Holding's rate of growth is expected to accelerate meaningfully, with the forecast 1.9% annualised revenue growth to the end of 2024 noticeably faster than its historical growth of 0.6% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to see revenue growth of 4.3% annually. So it's clear that despite the acceleration in growth, dormakaba Holding is expected to grow meaningfully slower than the industry average.

The Bottom Line

The clear low-light was that the analysts cut their forecast revenue estimates for dormakaba Holding next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply revenues will perform worse than the wider industry. The consensus price target held steady at CHF456, with the latest estimates not enough to have an impact on their price targets.

We have estimates for dormakaba Holding from its seven analysts out to 2026, and you can see them free on our platform here.

You should always think about risks though. Case in point, we've spotted 2 warning signs for dormakaba Holding 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.