The analysts might have been a bit too bullish on Vitesco Technologies Group Aktiengesellschaft (ETR:VTSC), given that the company fell short of expectations when it released its quarterly results last week. It wasn't a great result overall - while revenue fell marginally short of analyst estimates at €2.2b, statutory earnings missed forecasts by an incredible 28%, coming in at just €0.76 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.

See our latest analysis for Vitesco Technologies Group

After the latest results, the twelve analysts covering Vitesco Technologies Group are now predicting revenues of €9.75b in 2024. If met, this would reflect a modest 4.8% improvement in revenue compared to the last 12 months. Earnings are expected to improve, with Vitesco Technologies Group forecast to report a statutory profit of €8.18 per share. In the lead-up to this report, the analysts had been modelling revenues of €9.71b and earnings per share (EPS) of €8.04 in 2024. So it's pretty clear that, although the analysts have updated their estimates, there's been no major change in expectations for the business following the latest results.

There were no changes to revenue or earnings estimates or the price target of €94.64, suggesting that the company has met expectations in its recent result. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. The most optimistic Vitesco Technologies Group analyst has a price target of €140 per share, while the most pessimistic values it at €67.00. This is a fairly broad spread of estimates, suggesting that analysts are forecasting a wide range of possible outcomes for the business.

Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting Vitesco Technologies Group's growth to accelerate, with the forecast 3.8% annualised growth to the end of 2024 ranking favourably alongside historical growth of 0.6% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.2% per year. It seems obvious that, while the future growth outlook is brighter than the recent past, Vitesco Technologies Group is expected to grow slower than the wider industry.