EDAG Engineering Group AG Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2024
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Source: Yahoo Finance
- EDAG Engineering Group AG Earnings Report: The company's full-year results showed revenues beating expectations at €874m, but earnings per share fell short of forecasts.
- Analyst Forecasts for EDAG Engineering Group: Analysts predict a 2.6% increase in revenues to €896.6m in 2024 and a 10% rise in earnings per share to €1.28.
- Market Perception and Price Target: Despite the decline in earnings estimates, the consensus price target remains at €14.50, indicating analysts are not overly concerned about valuation impact.
- Growth Outlook Comparison: EDAG Engineering Group is expected to grow slower than the wider industry, with forecasted annualized growth of 2.6% compared to industry peers at 5.1%.
- Key Takeaways: Analysts downgraded earnings per share estimates post-report, while revenue estimates remained stable; long-term earnings trajectory is more crucial than short-term fluctuations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
